How do many economists feel about protecting infant industries?   Question 30 options:   Protection may not always be necessary for infant industries, but it has proven to be useful in most cases.   Protection is not necessary for an industry to grow.   Protection is necessary because if young industries are not protected, they may suffer losses.   Protection is necessary in order for young industries to compete against foreign companies.

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.