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wrote...
Posts: 222
A month ago
According to the infant industry argument for trade protectionism:

▸ trade barriers must be used to protect domestic workers.

▸ new industries are capable of competing with established rivals.

▸ new industries need to be shielded from competition in the early stages of learning by doing.

▸ tariffs imposed to aid new industries should never be removed.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
Posts: 229
Rep: 9 0
A month ago
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new industries need to be shielded from competition in the early stages of learning by doing.
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wrote...
A month ago
You make an excellent tutor!
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