An argument in favor of protective tariffs is the "infant-industry argument," which states that:
A)any industry dealing with products for infants should be protected
B)infant-industries need government loans
C)infant-industries should be protected by tariffs from established foreign competition
D)infant-industries should be exempt from antitrust laws
E)infant-industries should be able to form monopolies

Question

Quizplus · Accepted Answer

The "infant-industry argument" suggests that new or emerging domestic industries (infant industries) should be protected from established foreign competitors through tariffs. This is to allow them to grow and become competitive without being overwhelmed by more established entities.

An Argument in Favor of Protective Tariffs Is the "Infant-Industry