Some nations try to nurture and encourage new firms with lots of
Promise, so they protect them from foreign competition.This is called
The _________ argument for trade protection.

Question

Quizplus · Accepted Answer

The infant industry argument for trade protection suggests that protecting new and young firms from foreign competition can help them develop and become strong enough to compete in the global market. This protection is temporary and aimed at giving the domestic firms a chance to grow and mature before facing foreign competition.

Some Nations Try to Nurture and Encourage New Firms with Lots