The infant industry argument is based on:
A) the idea that competitive pressure from established foreign firms would encourage the infant industry's prospects for future growth.
B) the idea that failure to shelter these infant industries tends to lead to political instability.
C) the idea that small firms must be protected.
D) the idea that the industry is not yet ready to compete with established foreign competitors.
Correct Answer:
Verified
Q46: Which of the following are benefits of
Q47: The purpose of tariffs is to:
A)reduce imports
Q48: Which of the following arguments are used
Q51: Which of the following is an infant-industry
Q52: Which of the following are problems with
Q53: Trade restrictions imposed in the name of
Q55: Which of the following groups will benefit
Q56: Strategic trade suggests that governments should:
A)play no
Q58: It is argued that strategic trade may
Q59: Using tariffs to trade only with some
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