Protection of new products from global competition is known as
A) the infant-industry argument.
B) dumping.
C) a quota.
D) protection of domestic jobs.

Question

Quizplus · Accepted Answer

Protection of new products from global competition is known as the infant-industry argument. This argument involves providing protection for domestic industries that are not yet competitive on a global scale, in order to allow them to grow and develop. The idea is that, with some temporary protection, these industries will eventually become competitive and be able to compete with foreign companies in the long term.

Protection of New Products from Global Competition Is Known as