If the executives of the U.S.silicon chip industry lobby Congress for protection from imports on the grounds that theirs is a new industry that needs time to develop technological efficiency,they are using the _____ argument.

Question

Quizplus · Accepted Answer

The argument of needing protection from imports to develop technological efficiency is a characteristic argument of the infant industry. This argument suggests that new industries need protection from more established industries in foreign countries until they mature and become technologically efficient enough to compete in a global market.

If the Executives of the U