The infant industry argument:
A) justifies eliminating tariffs and opening up a country to free trade.
B) allows the buy up of a smaller producers by a larger producer, thereby increasing economies of scale.
C) recognizes that some industries, even if they are small, are necessary for national security and should always be protected and subsidized.
D) protects new industries from foreign competition.
Correct Answer:
Verified
Q15: The structuralist school of economics:
A) was not
Q16: Dependency theorists hypothesized that:
A) international trade is
Q17: Import substitution industrialization policies consisted of:
A) an
Q18: Intellectual support of import substitution industrialization was
Q19: The following people, groups, and schools of
Q21: A strategic trade policy:
A) refers to trade
Q22: Which industry would most likely generate fewer
Q23: Enclave industries:
A) generate few taxes.
B) are domestically
Q24: Which of the following is not an
Q25: Which of the following statements is true?
A)
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