According to the infant-industry argument,temporary tariff protection granted to an infant industry will help it become competitive in the world market; when international competitiveness is achieved,the tariff should be removed.

Question

Quizplus · Accepted Answer

The statement accurately reflects the infant-industry argument, which advocates for temporary tariff protection to help a new industry become competitive and eventually remove the tariff once it can compete internationally.

According to the Infant-Industry Argument,temporary Tariff Protection Granted to an Infant