One problem with the infant industry argument is that
A) the protection is typically never removed, creating a domestic monopoly.
B) it fails to protect domestic industries from foreign competition.
C) it must be approved by the IMF and the World Bank.
D) it must be approved by the Federal Reserve Board.
A
Economics
You might also like to view...
The government uses the buying power of wages in reporting changes in "nominal wages" in the economy
Indicate whether the statement is true or false
Economics
Quantitative analysis of relevant data show that economic problems for farmers in the last half of the 19th century included:
a. falling prices of farm products relative to other prices. b. rising real interest rates. c. rising prices for consumer goods. d. rising prices for farm equipment. e. All of the above
Economics