Currently Belize, a Country in Central America, Has a Small

Currently Belize, a country in Central America, has a small coffee industry but does not export any coffee. Suppose the government of Belize, in order to protect the new coffee industry to enable it to grow into a mature industry that can compete in world markets, places a tariff on the importation of coffee. What is the argument that has been used to support the tariff on coffee?

A) the infant-industry argument
B) the dumping argument
C) protection of Belize coffee workers
D) to prevent rich countries from exploiting developing countries

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free