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i got these wrong, please help: Question 10 i points Saved Which of the following statements is supported by the infant-industry argument? New industries should
i got these wrong, please help:
Question 10 i points Saved Which of the following statements is supported by the infant-industry argument? New industries should be discouraged because they cannot compete with established firms. O Protecting a new industry from foreign competition may be desirable in the short form in order to give it time to become competitive. O New industries may require permanent subsidies from the government in order to be competitive with established foreign firms. O Protecting industries that produce products for young children can be a worthwhile incomment in the nation's human capital.Question 15 1 points Which of the following is the best response if Mexico subsidizes its textile production, making it impossible for Canadian producers to compete? Q A high tariff on boxfiles would improve economic wal-bring in Canada. O Canada would maximize is economic well-being by purchasing the subsidized beadles from Mexico. O Canada's most appropriate response would be to retaliate with an Identical subcity. O The ideal response would be to throaton retaliation without actually following through on the throat.Question 5 1 points Speed If an importing nation imposes a tariff on its import, it will increase; O the domestic quantity demanded the domestic quantity suppled the quantity imported from abroad the quantity exported abroadStep by Step Solution
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