The infant-industry argument for tariff protection is that tariffs should be imposed to protect from competition those industries
A) that are essential if a country is to become an industrial nation.
B) needed for national defense.
C) that cannot compete with foreign competitors at this point in time, but will be able to once they gain some size and experience.
D) able to compete with foreign competitors at this point in time and are deemed essential by the government.
Correct Answer:
Verified
Q24: Table 16.5 Q25: Table 16.5 Q26: Suppose the United States and Japan are Q27: During the Great Depression, many industrial countries Q28: What term is applied to the situation Q30: Dumping is Q31: Tariffs serve to Q32: Quotas serve to Q33: Some argue that American workers cannot compete Q34: Suppose an industry receives protection from the
A) selling low-quality goods abroad.
B) exporting
A) encourage exports.
B) encourage imports.
C)
A) encourage trade.
B) encourage imports.
C)
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