The infant industry argument is based on the idea of
A) learning-by-doing.
B) absolute productivity advantage.
C) global monopoly.
D) countervailing duties.

Question

Quizplus · Accepted Answer

The infant industry argument suggests that new industries may need protection from international competition until they become established and can compete on their own, often through learning-by-doing.

The Infant Industry Argument Is Based on the Idea of