complete the blank space The infant industry argument states that domestic indus

Question

complete the blank space The infant industry argument states that domestic industries should be foreign competition in the early stages of development so that he industry protected from; can mature threatened with; can reduce costs exposed to; can become more efficient sheltered from; increases its exports You are working for the Department is Trade and Industry in India The Department is aware of the counterarguments to the infant industry argument, but still seeks the above goal. Based on international experience of similar policies, which of the recommendations below do you think the Department should and should not do when introducing this policy? Drag and drop the recommendations into the appropriate bins

Explanation / Answer

ans 1. the infant industry argument states that domestic industries should be protected from foreign competition in the early stages of development so that the industry can mature

option a)

the department should

1)have guidelines for when policy will end

2)focus on a few key industries

the department should not

1) should not maintain the protection indefinitely

2) sjould not provide protection to all industries

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