According to the infant industry argument,import protection is needed because:
A) foreign workers are often paid less than U.S.workers.
B) it enables our protected industries to achieve technological efficiency and thus become competitive with mature foreign industries.
C) the nation's security depends on a strong industrial base.
D) it provides consumers with more and better goods in the long run.
Correct Answer:
Verified
Q186: Assume that the United States imposes an
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Q189: The infant industry argument for trade protection
Q190: If quota rents do not accrue to
Q192: Tariffs and import quotas tend to:
A)increase the
Q193: If the United States removed the tariffs
Q194: Which argument is one that is common
Q195: In 2002,the steel industry argued that higher
Q196: A tariff or quota will _ prices
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