The Idea That Tariffs Should Be Imposed to Protect New

question 177

Multiple Choice

The idea that tariffs should be imposed to protect new and developing industries is referred to as

• A) the start-up argument.
• B) the infant industry argument.
• C) the incubator business theory.
• D) the new markets theory.

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Definitions:

Independent Income

Earnings obtained from sources other than traditional employment, such as investments, royalties, or business ventures, providing financial autonomy.

Co-signer

An individual who agrees to be equally responsible for repaying a loan or debt if the primary borrower fails to make payments.

Financial Trouble

A situation where an individual or organization is struggling to manage their finances or meet financial obligations.

Credit Cards

Financial tools issued by banks or financial institutions allowing cardholders to borrow funds for purchases, subject to repayment.