Which of the following is true with respect to the infant-industry argument for protection:
A) it refers to temporary protection to establish a domestic industry
B) to be valid,the return to the grown-up industry must be sufficiently high also to repay for the higher prices paid by domestic consumers of the commodity during
The infancy period
C) is inferior to an equivalent production subsidy to the infant industry
D) all of the above
Correct Answer:
Verified
Q1: Game theory refers to:
A)a method of choosing
Q2: The temporary sale of a commodity at
Q3: Industrial policy refers to:
A)an activist policy by
Q4: An import quota:
A)increases the domestic price of
Q5: Adjustment to any shift in the domestic
Q7: A fallacious argument for protection is:
A)the infant
Q8: Which of the following is false with
Q9: On which of the following principles does
Q10: An increase in the demand of the
Q11: An international cartel refers to:
A)dumping
B)an organization of
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