The infant industry argument is part of the socio-economic category of managed trade.

Name: The infant industry argument is part of the socio-economic category of managed trade.
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Question

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The infant industry argument is a justification for protecting new industries with government intervention until they can become competitive in world markets. This is an example of managed trade, which involves government intervention to promote domestic industries and protect them from foreign competition.

The Infant Industry Argument Is Part of the Socio-Economic Category