An infant industry is one that
A)is not yet strong enough to compete effectively in the global marketplace.
B)is new to the practice of voluntary export restraints.
C)is accused of "dumping" products below the cost of production.
D)recently began selling exports.
E)utilizes child labor.

Question

Quizplus · Accepted Answer

An infant industry is one that is not yet strong enough to compete effectively in the global marketplace. It refers to a new industry that is in its early stages of development and requires protection, such as tariffs or quotas, to become established and competitive. The goal is to allow the industry to grow over time so that it can become self-sufficient and able to compete without government support.

An Infant Industry Is One That