Why is it impossible that all industries in a developing country qualify as infant industries?
A)You cannot have a comparative advantage in everything.
B)You cannot have an absolute advantage in everything.
C)This would violate international law.
D) This would reduce the terms of trade.

Question

Quizplus · Accepted Answer

It is impossible for all industries in a developing country to qualify as infant industries because no country can have a comparative advantage in everything. Each country must focus on their most efficient industries and specialize in producing those goods. Furthermore, focusing on too many industries at once will hinder growth and development.

Why Is It Impossible That All Industries in a Developing