The Infant Industry Argument for Trade Protectionism Holds That

Multiple Choice

The infant industry argument for trade protectionism holds that

A) new industries sometimes need a protective environment in which to grow so that they can compete with older,more established foreign competitors.
B) foreign competitors are often viewed as "infants" by large U.S.firms.
C) tariffs are often preferred to quotas.
D) quotas raise prices more than tariffs raise prices.
E) a and c