Industries that cannot compete with foreign competitors at this point in time,but will be able to once they gain some size and experience describes
A)industries that are essential if a country is to become an industrial nation.
B)industries needed for national defense.
C)The infant-industry argument for tariff protection
D)industries that are subject to anti-dumping regulations.

Question

Quizplus · Accepted Answer

The statement describes the infant-industry argument for tariff protection, which suggests that industries need protection through tariffs or trade barriers until they have gained enough experience and size to compete with foreign competitors on their own. This argument is often used to justify protectionist trade policies for certain industries.

Industries That Cannot Compete with Foreign Competitors at This Point