Currently Belize, a country in Central America, has a small coffee industry but does not export any coffee. Suppose the government of Belize, in order to protect the new coffee industry to enable it to grow into a mature industry that can compete in world markets, places a tariff on the importation of coffee. What is the argument for placing the tariff on coffee?
A) To protect Belize coffee workers
B) The dumping argument
C) To prevent rich countries from exploiting developing countries
D) The infant-industry argument
Correct Answer:
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