The infant-industry argument
A)is based on the belief that protecting industries when they are young will pay off later.
B)is based on the belief that protecting industries producing goods and services for infants is necessary if a country is to have healthy children.
C)has the support of most economists.
D)is an argument that is advanced by advocates of free trade.

Question

Quizplus · Accepted Answer

The infant-industry argument suggests that new industries may initially be unable to compete with established industries abroad. Thus, temporary protection from international competition might be necessary until these industries become competitive. This is not specifically about industries producing goods for infants, nor is it universally supported by economists or advocated by proponents of free trade.

The Infant-Industry Argument