The infant-industry argument is the only perfectly valid argument for protection.
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Q196: Some people assert that protection from foreign
Q197: How does the United States attempt to
Q198: Give a brief description of the history
Q199: Discuss reasons why we see trade restrictions.
Q200: What are the effects of a tariff?
Q202: Less developed countries, compared to industrialized ones,
Q203: Most economists would agree that "saving jobs"
Q204: Over the past 80 years, the United
Q205: Tariffs and quotas both decrease the amount
Q206: Dumping occurs when a foreign firm sells
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