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.

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Definitions:

Cerebral Asymmetry

The differences in functional specialization between the left and right hemispheres of the brain.

EEG

Electroencephalogram, a test that detects electrical activity in the brain using small, flat metal discs attached to the scalp.

EEG

Stands for Electroencephalography, a method used to record electrical activity of the brain via sensors placed on the scalp.

Brain-Wave Activity

The patterns of neuronal electrical oscillations in the brain, which are measured by electroencephalography (EEG) and associated with different states of consciousness.