Which of the following is a partially valid economic argument for restricting free trade?
A) Restrictions on foreign trade will increase employment and permanently reduce unemployment.
B) Infant industries may need temporary protection to develop and gain productive efficiency.
C) A nation needs to protect its national defense; hence, it should restrict some products that threaten an industry considered vital to its defense.
D) Both b and c are correct.

Question

Quizplus · Accepted Answer

Infant industries may require temporary protection to become competitive, and protecting industries vital to national defense can be justified to ensure security and self-sufficiency.

Which of the Following Is a Partially Valid Economic Argument