Which of the following describes the infant industry argument for protectionism?
A) Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets.
B) Domestic producers in high -wage countries must be protected from foreign producers in low -wage countries to produce a level playing field.
C) An industry must be protected in its early stages of development so that firms can compete with government -subsidized foreign competition.
D) Some strategic industries must be protected to ensure adequate supplies of resources needed for national defense in emergencies.
Correct Answer:
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Q15: Which of the following best explains why
Q16: What is the main benefit to Arab
Q17: Q18: Q19: The World Trade Organization (WTO) promotes foreign Q21: Economists believe the most persuasive argument for Q22: One reason for the success that firms Q23: Assume that the quota on imported sugar Q24: One result of a bilateral trade agreement Q25: Some government officials argue that the success![]()
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