A new industry develops, and our government wants to protect it from foreign competition. Which one of the following arguments would appropriately describe this type of protection?
A) National security
B) Cartelization
C) Infant industry
D) Protecting American jobs

Question

Quizplus · Accepted Answer

The argument for protecting a new industry from foreign competition is the concept of an "infant industry." This means that the industry is still in its early stages and needs protection from established foreign competitors until it becomes strong and competitive enough to survive on its own.

A New Industry Develops, and Our Government Wants to Protect