The argument that it is necessary to protect a new industry to enable it to grow into a mature industry that can compete in world markets is known as the
A) national security argument.
B) diversity argument.
C) infant-industry argument.
D) environmental protection argument.
E) national youth protection argument.

Question

Quizplus · Accepted Answer

The argument described is commonly known as the infant-industry argument. It proposes that protecting a new industry with tariffs or other government interventions is necessary for it to become competitive in the global marketplace.

The Argument That It Is Necessary to Protect a New