Examlex
Which statement below is accurate?
Efficiency Argument
The principle that resources should be allocated in a way that maximizes the productivity or welfare of a community or economy.
Jobs Argument
A perspective or argument centered on the impacts of economic policies or business decisions on employment levels.
Infant-Industry
An economic rationale for trade protectionism arguing that new industries need to be shielded from international competition to allow them to grow and become competitive.
Infant-Industry Argument
The justification for protective tariffs to shield emerging domestic industries from international competition until they become competitive.
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