Which of the following best describes the argument many infant industries propose in order to gain support for trade restrictions
A)Protecting new industries through trade restrictions will pay off later.
B)Protecting industries that produce goods and services for infants is necessary if a country is to have healthy children.
C)Any trade restrictions put in place will be temporary and easily removed.
D)Government can easily decide whether the benefits to consumers of protecting new industries exceeds the cost imposed by the restrictions.

Question

Quizplus · Accepted Answer

The argument that many infant industries propose in order to gain support for trade restrictions is that protecting new industries through trade restrictions will pay off later. They argue that these industries need time to grow and become competitive before they can compete with established industries. Once they become competitive, they will be able to offer consumers better products at lower prices, which will benefit the economy as a whole.

Which of the Following Best Describes the Argument Many Infant