Business, 08.01.2020 05:31 carcon2019
Which of the following describes the infant industry argument for protectionism?
a. domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets.
b. an industry must be protected in its early stages of development so that firms can compete with government-subsidized foreign competition.
c. domestic producers in high-wage countries must be protected from foreign producers in low-wage countries to produce a level playing field.
d. some strategic industries must be protected to ensure adequate supplies of resources needed for national defense in emergencies.
Answers: 2
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Which of the following describes the infant industry argument for protectionism?
a. dom...
a. dom...
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