What is the infant-industry argument for protection from international trade?
A) Foreigners selling products in the economy limit the nation's diversity and stability.
B) Domestic firms must be protected until they gain a comparative advantage.
C) Domestic jobs must be protected from competition from low-paid foreign workers.
D) Any firm necessary in wartime must be protected.
E) Foreign producers selling below cost to drive domestic firms bankrupt must be stopped.
Correct Answer:
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