The infant industry argument is based on the idea that:
A) competitive pressure from established foreign firms would encourage the infant industry's prospects for future growth.
B) failure to shelter these infant industries tends to lead to political instability.
C) small firms must be protected.
D) none of the above.
Correct Answer:
Verified
Q68: The argument that foreign trade should be
Q80: In international trade, an infant industry is
Q82: A limit on the quantity of a
Q83: A quota is a:
A) tax on a
Q95: A basic problem with the infant-industry argument
Q98: Suppose a quota on foreign-made automobiles is
Q102: "More productive workers receive higher wages than
Q103: The North American Free Trade Agreement affects
Q112: The main explanation for why the cheap
Q117: Trade restrictions imposed in the name of
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