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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Outline the details of the infant industry argument for trade restriction.

To determine

The infant industry argument.

Explanation

The infant industry argument gives stress on the protection of emerging industries from foreign competition. This argument states that the government should interfere to protect the newly entered industries in the form of tax deduction and other protective measures. The reason for the infant industry argument is the differences in economies ...

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