One of the main reasons why many economists remain critical of the infant industry argument is its assumption that:
A) protection of manufacturing from foreign competition is harmful.
B) absolute advantage cannot sustain productivity of an industry.
C) foreign firms too come under the definition of infant industry when they newly enter a foreign market.
D) firms are unable to make efficient long-term investments through domestic or international capital markets.
Correct Answer:
Verified
Q76: In addition to the formal instruments of
Q77: Which of the following is perhaps the
Q78: At one time,the French government required that
Q79: At times,countries contend that it is necessary
Q80: If Apple won an order to sell
Q82: Environmental organizations pushing for greater regulation of
Q83: Which of the following would be a
Q84: Why is retaliation by government intervention a
Q85: Which of the following is one of
Q86: China did not join the WTO until
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents