Protection of infant industries through trade restrictions is used only in developing nations.

Question

Quizplus · Accepted Answer

Protection of infant industries through trade restrictions may also be used in developed nations. This may be done to protect newly established industries or to counteract unfair competition from foreign countries. However, it is more commonly used in developing nations where there may be less established industries and less competition from within the country.

Protection of Infant Industries Through Trade Restrictions Is Used Only