Which of the following statements is TRUE?
A) The infant-industry argument is valid only if the benefits of learning-by-doing in the infant industry spill over to other parts of the economy.
B) A subsidy to an infant industry is a more efficient way to protect it from foreign competition than a tariff on the competing foreign goods.
C) Both statements are true.
D) Neither of the statements is true.
C
Economics
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Indicate whether the statement is true or false
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