The _____ argument was put forward as a rationale for protecting emerging domestic industries from foreign competition.
A)antidumping
B)infant industry
C)job and income
D)declining industries
E)national defense

Question

Quizplus · Accepted Answer

The infant industry argument suggests that new or emerging domestic industries need protection from foreign competition, in the form of tariffs or other trade barriers, in order to become strong enough to compete internationally in the long run.

The _____ Argument Was Put Forward as a Rationale for Protecting