According to the infant-industry argument, temporary tariff protection granted to an infant industry will help it become competitive in the world market.When international competitiveness is achieved, the tariff should be removed.
Correct Answer:
Verified
Q113: In the absence of international trade, assume
Q114: For a "large" country, a tariff on
Q115: Although tariffs on imported steel may lead
Q116: If a "large" country levies a tariff
Q117: If a "large" country levies a tariff
Q119: If a "small" country levies a tariff
Q120: The redistribution effect is the transfer of
Q121: Most countries in the world have about
Q122: A tariff can increase the welfare of
Q123: A specific tariff is expressed as a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents