Asked by
ETHAN JIMENEZ
on Dec 12, 2024Verified
The infant-industry argument about tariffs implies that
A) it is unfair to levy tariffs on items intended for use by infants.
B) tariffs should be levied on foreign products that compete with new domestic industries only in the short run.
C) if a newly established domestic industry can survive in the short run, a tariff should be levied to protect it from foreign competition in the long run.
D) permanent tariffs should be levied on foreign products that compete with those produced by newly established domestic industries.
Infant-Industry
An industry in its early stages within a particular country, often argued to need protection from international competition until it becomes competitive.
Tariffs
Taxes imposed by a government on imported goods, affecting their price and availability within the domestic market.
- Comprehend the discussions on safeguarding emerging sectors and the challenges to these views.
Verified Answer
TT
Learning Objectives
- Comprehend the discussions on safeguarding emerging sectors and the challenges to these views.
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