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marcsleiman marcsleiman
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2 months ago

The infant industry argument for trade protectionism holds that



▸

new industries sometimes need a protective environment in which to grow so that they can compete with older, more established foreign competitors.



▸

foreign competitors are often viewed as "infants" by large U.S. firms.



▸

tariffs are often preferred to quotas.



▸

quotas raise prices more than tariffs raise prices.



▸

a and c

Textbook 
Economics

Economics


Edition: 12th
Author:
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krissyc39krissyc39
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2 months ago
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new industries sometimes need a protective environment in which to grow so that they can compete with older, more established foreign competitors.
1

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marcsleiman Author
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2 months ago
Thanks
ky
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Yesterday
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gefa
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2 hours ago
Just got PERFECT on my quiz
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