According to the infant industry argument for import protection, such protection is needed because:
A) foreign workers are often paid less than American workers.
B) it enables our protected industries to achieve technological efficiency and thus become competitive with mature foreign industries.
C) the nation's national security depends on a strong industrial base.
D) it provides consumers with more and better goods in the long run.
Correct Answer:
Verified
Q130: The results of a U.S.quota on the
Q131: Free trade is beneficial because it:
A) reduces
Q132: A new domestic industry with a potential
Q133: A trade barrier whereby foreign firms agree
Q134: An example of a voluntary export restriction
Q136: A new domestic industry with potential economies
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Q138: A tax on imports of foreign goods
Q139: In the importing country, the most likely
Q140: If the United States imposes a quota
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