One Problem with the Infant Industry Argument Is That in Developing

question 258

Multiple Choice

One problem with the infant industry argument is that in developing nations

• A) countries with huge labor supplies would do better to develop their labor-intensive industries.
• B) firms use predatory pricing practices to drive out competition, then raise prices.
• C) most industries could qualify as an infant industry.
• D) subsidizing exports violates international law.

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