According to the protectionist viewpoint, an infant industry should be sheltered from foreign competition because:
A) a nation's children are its most important resource.
B) failure to shelter these industries tends to lead to political instability.
C) all nations have traditionally sheltered all their infant industries from foreign competition.
D) competitive pressure from established foreign rivals could retard or destroy the industry's prospects for future growth.
Correct Answer:
Verified
Q83: One benefit attributed to free trade is
Q84: Which of the following is NOT a
Q85: Which of the following organizations in the
Q86: Restricting trade to protect an industry in
Q87: In international trade, an infant industry is
Q89: Restricting trade on the assumption that consumer
Q90: The argument that foreign trade should be
Q91: A protectionist argument that dependence on foreign-produced
Q92: The protectionist argument for diversification is concerned
Q93: Which of the following protectionist arguments arises
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents