The Infant Industry Argument for Protectionism

question 72

Multiple Choice

The infant industry argument for protectionism:

• A) is strong because without it industrialisation is impossible.
• B) often leads to a situation of longer term protectionism than was ?rst envisaged.
• C) over estimates the importance of competition in improving ?rm-level economic e?ciency.
• D) has increasingly been accepted by economists as a necessary evil.

---

Definitions:

Awaiting Trial

The status of a person who has been charged with a crime and is awaiting the commencement of their trial.

Harsh Realities

The unpleasant truths or facts that are often difficult to accept or deal with.

Dwell Time

The period of time a user spends engaged with a specific content or page before moving on.

Post-deployment

The period after military personnel returns from active duty, which can involve adjustment and reintegration into civilian life.