Multiple Choice
The argument that developing countries should nurture their infant domestic industries by protecting them from foreign competition is known as
A) the infant industry argument.
B) the escape clause hypothesis.
C) preservation of the home market.
D) institutional fair trade policy.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: While tariff levels have been falling over
Q7: Quotas redistribute income from consumers to domestic
Q8: Write an essay on the national defense
Q9: Which of the following is a<u> valid</u>
Q10: Quotas are government imposed limits on the
Q12: The United States bans most imports from
Q13: The argument that developing countries with lax
Q14: Which of the following is false?<br>A)Tariffs and
Q15: The welfare effects of a quota depend,to
Q16: Export subsidies lead to<br>A)greater production of exportables