The infant industry argument is that
A)comparative advantage is irrelevant to economic growth.
B)developing countries have a comparative advantage in manufacturing.
C)developing countries have a comparative advantage in agricultural goods.
D)developing countries have a potential comparative advantage in manufacturing.
E)developing countries have no chance to compete with industrialized countries.

Question

Quizplus · Accepted Answer

The infant industry argument suggests that developing countries may have a potential comparative advantage in manufacturing, but they need protection and support to develop these industries to compete with established industries in industrialized countries.

The Infant Industry Argument Is That