The rationale for the infant-industry argument for trade protection is that ________.
A) incubator centers in which business, government, and academia cooperate will develop entrepreneurial companies
B) a country should give one firm in an industry a monopoly status so that it will grow large enough to be competitive internationally
C) it takes time for an industry to become competitive in world markets, so protection is needed to help this industry pass through the critical period
D) lower restrictions should be placed on products coming from countries where a government has a large sphere of political influence
Question 2
The government of Country X imposes import restrictions on steel to help the domestic steel industry in depressed areas. What is the most likely result of such restrictions?
A) damaging other industries in Country X
B) devaluing the currency of Country X
C) lowering steel prices in Country X
D) triggering boycotts in Country X
Treating the infant
The cranium of a young infant changes dramatically in shape with age. Initially the child has severa
Measuring the Weight and Length of an Infant
Transatlantic Slave Trade
Flexible exchange rates are supposed to prevent long-term trade deficits.