Question
The main problem with using the infant industries argument to justify protecting an industry from foreign competition is that: Select one: a. once in place,
The main problem with using the infant industries argument to justify protecting an industry from foreign competition is that:
Select one:
a. once in place, it is difficult to remove protection even as the industry matures.
b. the protected industry will become too efficient and drive out foreign competition.
c. it causes the goods that are produced in the protected industry to have lower prices.
d. this policy compromises national security if the infant industry produces military goods.
e. all industries will claim that they are infant industries in order to gain protection.
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