Multiple Choice
A downfall of the infant-industry argument is that
A) most industries need protection when they are mature, not when they are first established.
B) the amount of the tariff is unlikely to have much impact on the success of an infant industry.
C) once a tariff is granted, political pressure will likely force withdrawal of the tariff before the industry matures.
D) once established, a tariff is politically difficult to remove.
Correct Answer:
Verified
Correct Answer:
Verified
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