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THE INFANT-INDUSTRY ARGUMENT FOR TARIFFS A.IS RECOGNIZED AS WRONG BECAUSE PROTECTIONS OFTEN EXTENDS BEYOND INFANCY. B.IS RECOGNIZED AS WRONG BECAUSE IT IS PRESENT AND NOT

THE INFANT-INDUSTRY ARGUMENT FOR TARIFFS

A.IS RECOGNIZED AS WRONG BECAUSE PROTECTIONS OFTEN EXTENDS BEYOND INFANCY.

B.IS RECOGNIZED AS WRONG BECAUSE IT IS PRESENT AND NOT FUTURE COMPARATIVE ADVANTAGES THAT SHOULD BE COSIDERED.

C.IS RECOZNIZED AS THEORETICALLY SOUND IF ECONOMIES OF SCALE EXIST.

D.SAYS THAT INDUSTRIES SHOULD BE PROTECTED IN POOR COUNTRIES TO PROVIDE FOR THE WELFARE OF INFANTS THERE.

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