Which of the following is an infant-industry argument in favor of restrictions on foreign trade?
A) Foreign producers must be stopped from selling their products in this country below cost of production.
B) Domestic workers must be protected from the lower wages paid in foreign countries.
C) The nation's security demands we ensure an adequate domestic supply capacity of certain products.
D) Do unto others as they do unto you.
E) Industries in the early stages of development must be protected from more mature producers.
Correct Answer:
Verified
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