The infant industry argument for trade protection states that:
A) small,traditional industries such as handicrafts should be protected from foreign competition or they would not be able to survive.
B) new industries should be protected from foreign competition until they become established.
C) industries that provide day care for their employees' children ought to be protected from foreign competition.
D) industries that produce products essential for the well-being of infants (e.g. ,the baby food industry) ought to be protected since such products are essential for the good health of future generations.
Correct Answer:
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Q190: If quota rents do not accrue to
Q191: According to the infant industry argument,import protection
Q192: Tariffs and import quotas tend to:
A)increase the
Q193: If the United States removed the tariffs
Q194: Which argument is one that is common
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