What Is the Infant-Industry Argument for Protection from International Trade

question 132

Multiple Choice

What is the infant-industry argument for protection from international trade?

• A) Domestic firms must be protected until they gain a comparative advantage.
• B) Any firm necessary in wartime must be protected.
• C) Foreign producers selling below cost to drive domestic firms bankrupt must be stopped.
• D) Domestic jobs must be protected from competition from low-paid foreign workers.
• E) Foreigners selling products in the economy limit the nation's diversity and stability.

---

Definitions:

Appreciation

Recognition and enjoyment of the good qualities of someone or something, often leading to increased value.

Transparent Leader

A leadership style characterized by openness, communication, and accountability, making actions and decisions clear to others.

Economic Status

The social or financial position of an individual or group within a society, often measured by income, wealth, or occupation.

Personnel Crisis

A situation that arises when an organization faces unexpected and critical issues related to its employees, impacting its normal functions.