The infant-industry argument for protectionism claims that an industry must be protected in the early stages of

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The infant-industry argument for protectionism claims that an industry must be protected in the early stages of its development so that

a. firms will be protected from subsidized foreign competition.

b. domestic producers can attain the economies of scale to allow them to compete in world markets.

c. adequate supplies of crucial resources will be available if needed for national defense.

d. None of the above reflect the infant-industry argument.

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Exploring Macroeconomics

ISBN: 9781285859446

7th Edition

Authors: Robert L. Sexton

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Question Posted: Nov 01, 2024 08:00 AM

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The infant-industry argument for protectionism claims that an industry must be protected in the early stages of

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