The infant industry argument
a. is that governments should protect all industries for the first five years of existence
b. is that governments should protect a new industry until it can "stand on its own feet"
c. defends quotas on products produced by infant industries abroad
d. has been used to justify protection of strategically important industries
e. explains why some less developed countries export raw materials
B
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Infant industry protection" refers to:
a. countries' use of protection (tariffs and quotas) to protect their domestic manufacturing activities. b. countries' use of protection to protect their export activities. c. countries' use of short-term protection to protect young industries while they mature. d. countries' use of short-term protection to protect their agricultural activities.
If investors feel that business conditions will deteriorate in the future, the demand for loans and the real interest rate in the loanable funds market will change in which of the following ways in the short run?
A) Increase/Increase B) Increase/Decrease C) Decrease/Increase D) Decrease/Decrease E) Decrease/No change