Suppose that the government follows a policy of infant-industry protection= allowing the domestic production of automobiles in an economy sheltered by tarith on car imports.
Suppose that the government follows a policy of infant-industry protection= allowing the domestic production of automobiles in an economy sheltered by tarith on car imports. (a) Discuss the critical features of a policy that aims to generate efficiency and international competitiveness in the car industry. Pay particular attention to the termination date of the policy
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