Multiple Choice
An argument in favour of protective tariffs is the "infant-industry argument." Which of the following statements would best reflect that argument?
A) Infant industries should be protected from established foreign competition.
B) Infant industries should be exempt from antitrust laws.
C) Any industry dealing with products for infants should be protected.
D) Infant industries need government loans.
Correct Answer:
Verified
Correct Answer:
Verified
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