The Argument That with Initial Protection an Industry Will Eventually

question 168

Multiple Choice

The argument that with initial protection an industry will eventually become competitive is called the

• A) national security argument.
• B) strategic bargaining argument.
• C) the trade adjustment assistance argument.
• D) infant industry argument.

Recognize the importance of values, both personal and organizational, in ethical decision-making.

Identify the relationship between ethical perspectives and business practices.

Appreciate the role of justice, both distributive and procedural, in ethical considerations.

Distinguish between terminal and instrumental values and their impact on ethical behavior.

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Definitions:

Free Trade Policy

An approach by governments to increase economic prosperity by allowing goods and services to be traded across borders with minimal restrictions or tariffs.

Foreign Investment

Investment in business ventures or assets in a country by individuals or businesses from another country.

United Nations

A global organization established in 1945 to promote peace, security, and cooperation among countries worldwide.

Successful Globalization

Successful globalization refers to the process whereby businesses expand beyond their domestic borders to integrate into international markets, fostering global economic integration and growth.