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Below Is a Graph Illustrating the Market for Mustard Seeds

Question 105

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Below is a graph illustrating the market for mustard seeds in Rysen III.(Sd is domestic supply,and Dd is domestic demand. ) .The world price of mustard seeds is $100.
Below is a graph illustrating the market for mustard seeds in Rysen III.(Sd is domestic supply,and Dd is domestic demand. ) .The world price of mustard seeds is $100.    -What is meant by the infant-industry argument? A) A country should be self-sufficient in children's products. B) It is to a country's benefit to buy infant products as cheaply as possible. C) A country should protect its strategic industries from foreign competition. D) A country should assist newer industries which are not yet mature enough to compete with foreign industries.
-What is meant by the infant-industry argument?


A) A country should be self-sufficient in children's products.
B) It is to a country's benefit to buy infant products as cheaply as possible.
C) A country should protect its strategic industries from foreign competition.
D) A country should assist newer industries which are not yet mature enough to compete with foreign industries.

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