Question

The infant-industry argument for tariff protection is that tariffs should be imposed to protect from competition those industries

Accepted Answer

A)  that are essential if a country is to become an industrial nation. 
B)  needed for national defense. 
C)  that cannot compete with foreign competitors at this point in time, but will be able to once they gain some size and experience. 
D)  able to compete with foreign competitors at this point in time and are deemed essential by the government. 
A)  that are essential if a country is to become an industrial nation. 
B)  needed for national defense. 
C)  that cannot compete with foreign competitors at this point in time, but will be able to once they gain some size and experience. 
D)  able to compete with foreign competitors at this point in time and are deemed essential by the government.

The infant-industry argument for tariff protection is that tariffs should be imposed to protect from competition those industries

Economics and the World of Scarcity

The United States Within the World Economy

Demand and Supply

Consumer Decision Making and Consumer Reaction to Price Changes

The Firm: Production and Cost

The Two Extremes: Perfect Competition and Pure Monopoly

In Between the Extremes: Imperfect Competition

Market and Government Failures

Labor Economics

Unemployment, Inflation, and the Business Cycle

Aggregate Demand and Supply

The Fiscal Policy Approach to Stabilization

Money and Our Banking System

The Monetary Policy Approach to Stabilization

How Economies Grow

Financing World Trade

Filters

Exam 16: Trading With Other Nations

The infant-industry argument for tariff protection is that tariffs should be imposed to protect from competition those industries

Economics and the World of Scarcity

The United States Within the World Economy

Demand and Supply

Consumer Decision Making and Consumer Reaction to Price Changes

The Firm: Production and Cost

The Two Extremes: Perfect Competition and Pure Monopoly

In Between the Extremes: Imperfect Competition

Market and Government Failures

Labor Economics

Unemployment, Inflation, and the Business Cycle

Aggregate Demand and Supply

The Fiscal Policy Approach to Stabilization

Money and Our Banking System

The Monetary Policy Approach to Stabilization

How Economies Grow

Financing World Trade

Filters