The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Protection of an infant industry should be withdrawn once that industry:

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-Protection of an infant industry should be withdrawn once that industry:

Quizplus · Accepted Answer

The purpose of protecting an infant industry is to allow it to grow to a sufficient size where it can compete with foreign firms. Once the industry achieves this size, protection should be withdrawn, as the industry is now able to compete with foreign firms on its own. Therefore, choice D is the best answer.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity