The protection of infant industries by a nation's government can cause more economic harm than good.

Question

Quizplus · Accepted Answer

The protection of infant industries by a government can create market inefficiencies, limit competition and innovation, and lead to higher prices for consumers. Additionally, protectionist measures such as tariffs can lead to retaliatory measures from other countries, causing harm to international trade relations and overall economic growth.

The Protection of Infant Industries by a Nation's Government Can