A problem encountered when implementing an infant industry tariff is that
A) domestic consumers will purchase the foreign good regardless of the tariff.
B) the industry may never mature.
C) most industries require tariff protection when they are mature.
D) the tariff may hurt the industry's domestic sales.
E) the tariffs fail to protect the domestic producers.
Question 2
If a country's income grows at the rate of 5 percent a year, it doubles in about
A) eight years.
B) six and one-half years.
C) ten years.
D) fourteen and one-half years.
E) twenty years.
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