To make a correct decision about limiting imports on behalf of an
Infant industry, the government should look at:
A) political pressure from key constituents.
B) a costbenefit analysis measuring the present value of the likely benefits from lower production costs compared with the cost to
Society of higher prices in the present.
C) the value of retaining U.S.jobs versus the small cost of higher priced units.
D) the difficulty of keeping out imports from established trading partners and weighing the number of workers employed in the
Industry that could not easily get other jobs.
Correct Answer:
Verified
Q122: Suppose that the U.S.imposes a countervailing duty
Q123: A monopolist's price is "less than fair
Q125: The U.S.International Trade Commission rejects many antidumping
And
Q126: Infant industries are:
A)manufacturing activities that make baby
Q128: Which of the following is a justification
Q132: Which of the following is a reason
Q141: A positive externality occurs whenever:
A) an increase
Q143: A knowledge spillover occurs when firms:
A) restrict
Q153: Which of the following unfair trade remedies
Q155: "Infant industry protection" refers to:
A) countries' use
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents