According to the infant industry argument for import protection, such protection is needed because:

A) foreign workers are often paid less than American workers.
B) it enables our protected industries to achieve technological efficiency and thus become competitive with mature foreign industries.
C) the nation's national security depends on a strong industrial base.
D) it provides consumers with more and better goods in the long run.


Ans: B) it enables our protected industries to achieve technological efficiency and thus become competitive with mature foreign industries.

Economics

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