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Which of the following are conclusions for the validity of the infant industry argument? Multiple select question. It is hard for a government to know
Which of the following are conclusions for the validity of the infant industry argument? Multiple select question. It is hard for a government to know which industries to support because it is difficult to predict which industries can reduce their costs enough in the future to create net national benefits. A tariff is better than a subsidy. There can be a case for some sort of government encouragement. Some form of government help other than a tariff is a better infant industry policy than a tariff
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