Although it is true that a new industry in a developing country may have to be p

Question

Although it is true that a new industry in a developing country may have to be protected from foreign competition until it gains expertise and can compete effectively in the international market, as suggested by the infant industries argument, a possible downside to such a policy is that: a. the protection may be maintained for longer than necessary b. only quotas are used for such protection, therefore no revenue is generated for the government c. the infant industry may stillv be subject to dumping by foreign producers d. diversity of industry is not promoted e. national security may be sacrificed

Explanation / Answer

c. the infant industry may stillv be subject to dumping by foreign producers

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.