Multiple Choice
The infant-industry argument about tariffs argues that:
A) it is unfair to levy tariffs on items intended for use by infants.
B) tariffs should be levied on foreign products that compete with new domestic industries only in the short run.
C) if a newly established domestic industry can survive in the short run, a tariff should be levied to protect it from foreign competition in the long run.
D) permanent tariffs should be levied on foreign products that compete with those produced by newly established domestic industries.
Correct Answer:

Verified
Correct Answer:
Verified
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