The argument that developing countries should nurture their infant domestic industries by protecting them from foreign competition is known as
A) the infant industry argument.
B) the escape clause hypothesis.
C) preservation of the home market.
D) institutional fair trade policy.
A
Economics
You might also like to view...
Is collusion possible in monopolistic competition? Why or why not?
What will be an ideal response?
Economics
For a person who consumes only steak and lobster, a fall in either the price of a steak or the price of a lobster shifts the budget line for the two leftward and does not change its slope
Indicate whether the statement is true or false
Economics
The marginal product curve rises when the marginal cost curve rises
a. True b. False Indicate whether the statement is true or false
Economics
An asset whose value is based on the value of another asset is called a:
A. derivative. B. dividend. C. stock. D. bond.
Economics