Which of the following asserts that import-competing firms that are struggling to stay in business should be provided protection in order to maintain jobs and continue domestic production?
A)The developing government argument
B)The infant industry argument
C)The dying industry argument
D)The optimal tariff argument

Question

Quizplus · Accepted Answer

The dying industry argument supports the idea of protecting import-competing firms that are struggling, with the goal of preserving jobs and continuing domestic production. This argument suggests that temporary protection can help such industries adjust and prevent the economic and social costs of their decline.

Which of the Following Asserts That Import-Competing Firms That Are