A government assists firms in certain industries so that rival foreign firms will not prevent them from growing into sustainable businesses. Which argument is being advocated? a. infant industry b. free trade c. national security d. consumer protection

A government assists firms in certain industries so that rival foreign firms will not prevent them from growing into sustainable businesses. Which argument is being advocated? a. infant industry b. free trade c. national security d. consumer protection

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter19: Economic Development

Section: Chapter Questions

Problem 3.4P

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Question

A government assists firms in certain industries so that rival foreign firms will not prevent them from growing into sustainable businesses. Which argument is being advocated?

a. infant industry

b. free trade

c. national security

d. consumer protection

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