A new industry develops, and our government wants to protect it from foreign competition. Which one of the following arguments would appropriately describe this type of protection?
A) national security
B) cartelization
C) infant industry
D) protecting American jobs

Question

Quizplus · Accepted Answer

The argument of protecting a new industry from foreign competition is known as infant industry protection. This is done to give the industry time to develop, grow and become competitive before it faces competition from foreign rivals. It is believed that without such protection, the industry may not survive and the country may end up relying on foreign imports.

A New Industry Develops, and Our Government Wants to Protect