Which is a valid counter-argument to the infant industry argument for protective tariffs?
A. It results in too many benefits for domestic firms that export goods and services
B. It is difficult to determine which infant industries will become mature industries with a comparative advantage
C. The objective would be better achieved through strategic trade policy
D. The objective would be better achieved by import quotas and nontariff barriers
B. It is difficult to determine which infant industries will become mature industries with a comparative advantage
You might also like to view...
If the least wealthy person in a society has millions of dollars, should we still consider that person poor?
What will be an ideal response?
The health care industry encompasses the following sectors, except:
A. Medical laboratories B. Nursing homes C. Nonprescription drugs D. Health clubs
In the table above, the number of unemployed people is
A) 2,000. B) 3,000. C) 1,000. D) 1,100. E) 11,000.
Finding an apartment in New York City is difficult. People even scan the obituaries in the hopes of finding an apartment. Provide an economic explanation for this
What will be an ideal response?