The argument that calls for the trade protection of only newly developing industries is known as the ________ argument.

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The argument for trade protection of newly developing industries is known as the infant industry argument. The idea behind this argument is that these industries require a certain degree of protection in order to grow and become competitive, and once they are established, they can compete on their own in the global market. This argument is often used by developing nations seeking to protect their emerging industries. The learning by doing argument suggests that the more a firm produces a product, the more efficiently it can produce it. Predatory dumping refers to the practice of selling goods at below cost in order to drive out competition, and developing nation is a term used to describe a country that is still in the process of becoming fully industrialized.

The Argument That Calls for the Trade Protection of Only