Which of the following statements does NOT describe the limitations of the policy of restriction to protect infant industries?
A) There is not much evidence that protecting infant industries in advanced economies is needed.
B) Infant industry protection often focuses on protecting labor-intensive industries,which is not critical in countries with large labor supplies.
C) Infant industry protection is rarely done in a way that makes the industry internationally competitive.
D) Countries waste their resources protecting infant industries,since most develop well without protections.
Correct Answer:
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