Q88 The infant industry argument for trade protection states that... a. Tariffs should be implemented to improve the terms of trade and thereby maximise the gains from trade. b. Imports of certain products should be limited in the interests of national defence. c. Tariffs should not be imposed on countries that have democratic governments. d. In the presence of unexploited scale economies, tariff protection may permit a country to develop future comparative advantage in certain products. e. Strategic trade policy is helpful when other countries are also being strategic. Clear my choice

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