According to the infant industry argument for import protection, such protection is needed because:
A.foreign workers are often paid less than American workers.
B.it enables our protected industries to achieve technological efficiency and thus become competitive with mature foreign industries.
C.the nation's security depends on a strong industrial base.
D.it provides consumers with more and better goods in the long run.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q114: Assume that the United States imposes a
Q119: Assume that the United States imposes a
Q129: A direct restriction on the quantity of
Q140: If the United States imposes a quota
Q149: If the executives of the U.S.silicon-chip industry
Q194: In 2002, the steel industry argued that
Q196: If the executives of the U.S.silicon-chip industry
Q201: In autarky, a country's production and consumption
Q202: The World Trade Organization (WTO):
A.is the primary
Q220: Although U.S.exports and imports have grown substantially
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