ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 17, Problem 4.9P
To determine
Assess the national defense, infant industry and declining industries as the arguments for protecting the domestic industry.
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Describe the COUNTER ARGUMENTS to the national security, declining industries, and infant industry arguments for protecting a domestic industry from international competition.
: (Arguments for Trade Restrictions) Explain the national defense, declining industries, and infant industry arguments for protecting a domestics industry from international competition.
The infant-industry argument for trade protection holds that new industries need to be protected from foreign competition until they develop and flourish.
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False
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