During a stormy meeting of computer software firms, several company presidents said that without tariff cushions, many of them would go broke.They represent a new industry that needs protection until their firms grow to a size that will allow them to be competitive.Their comments are based on the
A) infant-industry argument.
B) goal of equalising the nation's balance of payments.
C) national self-sufficiency argument.
D) goal of protecting the health of citizens.
E) goals of retaliating for another nation's trade restrictions.

Question

Quizplus · Accepted Answer

The statement suggests that the new industry needs protection until they grow to be competitive. This argument is based on the infant-industry argument, which advocates for temporary protection to new and emerging industries until they can compete in the international market.

During a Stormy Meeting of Computer Software Firms, Several Company