The ________ proposes that tariffs be imposed on imported manufactured goods to give U.S.firms temporary protection from foreign competition until they can fully establish themselves.

Question

Quizplus · Accepted Answer

The proposed strategy is the infant industry argument, which suggests that tariffs should be imposed on foreign-made goods to protect newly established U.S. companies until they become more competitive in the market. The other choices are not applicable in this context, as the national defense argument pertains to safeguarding industries important for national security, while industrial policy and strategic trade theory refer to broader economic strategies.

The ________ Proposes That Tariffs Be Imposed on Imported Manufactured