Why does the infant industry argument for protectionism suggest that an industry must be protected in the early stages of its development?
A) so that it will not be subjected to a takeover from a foreign competitor
B) so that there will be adequate supplies of crucial resources in case they are needed for national defence
C) so that firms will be protected from subsidized foreign competition.
D) so that domestic producers can attain the economies of scale to allow them to compete in world markets.
Correct Answer:
Verified
Q77: Economically speaking,which of the following best describes
Q78: Relative to a no-international-trade initial situation,if Canada
Q79: Which of the following is NOT a
Q80: Consider a situation where opening up international
Q81: Figure 14-1 Q83: Restrictions on the importation of tomatoes reduce Q84: Figure 14-1 Q85: What impact would reducing existing tariffs on Q86: Figure 14-1 Q87: Who would most likely benefit from a 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
![]()
![]()
![]()