The idea of dynamic comparative advantage is the basis for which of the following arguments for protection from foreign competition?

Question

Quizplus · Accepted Answer

The concept of dynamic comparative advantage supports the infant-industry argument, which advocates for protecting domestic industries that are still in their early stages of development to enable them to achieve economies of scale, acquire technological capabilities, and become competitive in the long run. The cheap foreign labor argument and the saves jobs argument are based on the assumption that foreign competition threatens domestic employment opportunities, which may not always be true. The dumping argument is concerned with the unfair trade practices of foreign firms, such as selling products at below the cost of production, rather than with comparative advantage.

The Idea of Dynamic Comparative Advantage Is the Basis for Which