Suppose that the steel industry argued that higher tariffs on steel were necessary to help develop Canadian airplane manufacturers.This is an example of the _____ argument.

Question

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An infant industry argument is used to justify protectionist policies such as tariffs by claiming that a domestic industry is in its early stages of development and needs protection to compete with established foreign industries. In this case, the steel industry is arguing that higher tariffs on steel will help Canadian airplane manufacturers, which suggests that the airplane industry is still developing and needs protection to compete with established foreign aircraft manufacturers.

Suppose That the Steel Industry Argued That Higher Tariffs on Steel