The argument that with initial protection an industry will eventually become competitive is called the
A) national security argument.
B) strategic bargaining argument.
C) the trade adjustment assistance argument.
D) infant industry argument.

Question

Quizplus · Accepted Answer

The argument that with initial protection an industry will eventually become competitive is known as the infant industry argument. It suggests that new, domestic industries need government protection in the form of tariffs or subsidies during their early stages so that they can develop and become competitive in the global economy.

The Argument That with Initial Protection an Industry Will Eventually