The infant-industry argument a. is based on the belief that protecting industrie

Question

The infant-industry argument a. is based on the belief that protecting industries when theyare young will pay off later. b.is based on the belief that protecting industries producinggood and services for in infants is necessary if a country is tohave healthy children. c.has the support of most economists d.is an argument that is advanced by advocates of freetrade. The infant-industry argument a. is based on the belief that protecting industries when theyare young will pay off later. b.is based on the belief that protecting industries producinggood and services for in infants is necessary if a country is tohave healthy children. c.has the support of most economists d.is an argument that is advanced by advocates of freetrade.

Explanation / Answer

Answer A. is based on the belief that protecting industries whenthey are young will pay off later. Explanation Infant industries are by definition those that are not strongenough to survive open competition.Protectionism allows an industryto develop until it is able to compete in international trade.

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