The false) idea that an industry should be protected because of learning-by-doing until it is large enough to compete successfully in world markets is the argument for protection.

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The idea that an industry should be protected until it is large enough to compete successfully in world markets is known as the infant industry argument. This argument suggests that temporarily protecting a new industry from foreign competition will allow it to develop and gain economies of scale, which will eventually enable it to compete in world markets.

The False) Idea That an Industry Should Be Protected Because