The infant industry argument for tariffs against free trade is sometimes supported because:
A) it is very hard to discern which industries really deserve protection.
B) subsidies may have more merit than tariffs.
C) the "infant" may "still wear diapers" even after it attains a huge size and economies of scale.
D) a new domestic industry may have potential economies of scale.
Correct Answer:
Verified
Q136: A new domestic industry with potential economies
Q137: Quotas imposed on U.S.imports into Japan tend
Q138: A tax on imports of foreign goods
Q139: In the importing country, the most likely
Q140: If the United States imposes a quota
Q142: If the executives of the U.S.silicon-chip industry
Q143: If the executives of the U.S.silicon-chip industry
Q144: Trade between two nations can benefit both
Q145: A tariff is a tax restriction on
Q146: A nation that has a comparative advantage
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