The argument that it is necessary to protect a new industry to enable it to grow into a mature industry that can compete in world markets is known as the
A) infant-industry argument.
B) national youth protection argument.
C) environmental protection argument.
D) diversity argument.
E) national security argument.

Question

Quizplus · Accepted Answer

The argument described is known as the infant-industry argument. It suggests that protection through trade barriers (such as tariffs) is necessary to allow a new industry to become established and competitive, eventually leading to it being able to compete in world markets.

The Argument That It Is Necessary to Protect a New