Multiple Choice
The infant industry argument can be justified because
A) A new industry may never develop in a protected,noncompetitive environment.
B) The government may not be able politically to end protectionism even when protectionism is no longer justified.
C) Government may choose to protect industries,which places heavy import burdens on the economy.
D) A new industry may be difficult to start in the face of existing foreign competition.
Correct Answer:
Verified
Correct Answer:
Verified
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