The Infant Industry Argument Is Criticized Because It Relies on an Assumption

question 93

Multiple Choice

The infant industry argument is criticized because it relies on an assumption that

• A) new manufacturing industries in developing nations can initially compete with established industries in developed countries.
• B) selling goods in a foreign market at below their "fair" market value is legally and ethically justified.
• C) the domestic industry in a developing nation lacks the capacity to meet demand.
• D) firms are unable to make efficient long-term investments by borrowing money from the domestic or international capital market.

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