Under Which of the Following Situations Will the Infant Industry

question 2

Multiple Choice

Under which of the following situations will the infant industry argument for protection stand to be valid?

• A)New firms are unable to obtain funds from the financial owing to inherent imperfections in the banking system.
• B)The benefits from the early business investments accrue to the firms making these early investments.
• C)Firms that produce important military hardware cannot be established without government support.
• D)The more a country exports, the more the price of its exports fall relative to its imports.

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