The proposition that protection is necessary to allow an infant industry to grow into a mature industry so that it can compete in world markets is the
A)infant-maturity argument.
B)infant-industry argument.
C)new industry proposition.
D)growth proposition.
E)dynamic comparative advantage argument.

Question

Quizplus · Accepted Answer

The proposition described in the question is known as the infant-industry argument. It suggests that new or developing industries in a country may require temporary protection from international competition in order to become established and compete in global markets in the future.

The Proposition That Protection Is Necessary to Allow an Infant