Why is it impossible that all industries in a developing country qualify as infant industries?
A)You cannot have a comparative advantage in everything.
B)You cannot have an absolute advantage in everything.
C)This would violate international law.
D)This would reduce the terms of trade.

Question

Quizplus · Accepted Answer

The concept of infant industries refers to those industries that have the potential to be competitive in the global market but require some temporary support and protection to develop. It is impossible that all industries in a developing country qualify as infant industries because it is not possible to have a comparative advantage in everything. Some industries may have natural advantages due to factors such as natural resources, climate, or labor skills, while others may not. Therefore, only some industries may require support and protection to become competitive, and not all industries.

Why Is It Impossible That All Industries in a Developing