Which of the following is an infant-industry argument in favour of restrictions on foreign trade?
A) Foreign producers must be stopped from selling their products in this country for below the cost of production.
B) Domestic workers must be protected from the lower wages paid in foreign countries.
C) The nation's security demands we ensure an adequate domestic supply capacity of certain products.
D) Industries in the early stages of development must be protected from more mature
Producers.
Correct Answer:
Verified
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