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The infant-industry argument is often criticized because

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The infant-industry argument is often criticized because

Question 1.

The idea that tariffs should be imposed to protect new and developing industries is referred to as

• the new markets theory.

• the start-up argument.

• the infant industry argument.

• the incubator business theory.

Question 2.

The infant-industry argument is often criticized because

• it is difficult to determine which industry merits protection.

• it reduces labor productivity in the short term.

• it reduces the employment rate.

• it reduces government revenues in the short term.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

Read 36 times

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