If an Established Domestic Industry Is in Jeopardy of Being

question 2

Multiple Choice

If an established domestic industry is in jeopardy of being displaced by lower-priced imports, there could be a rationale for

• A)permanent import restrictions to prevent the decline of the domestic industry
• B)temporary import restrictions to allow the orderly adjustment of the domestic industry
• C)permanent import restrictions based on the infant industry argument
• D)temporary import restrictions based on the infant industry argument
• E)temporary import restrictions that will be replaced by permanent tax breaks for the domestic industry