Is the call for protection on the basis of "infant industry" valid?

Question

Quizplus · Accepted Answer

The call for protection on the basis of "infant industry" can be valid in certain circumstances, as it can help promote and develop industries that would not otherwise be able to compete with foreign firms in the short-term. However, it can also be overstated and abused, leading to long-term inefficiency and protectionism that harms the economy as a whole. Therefore, while the call for protection on the basis of "infant industry" should be approached with caution, it can be a valid justification for certain protectionist measures in limited circumstances.

Is the Call for Protection on the Basis of "Infant