One problem with the infant industry argument is that a) it must be approved by th choicese Federal Reserve Board. b) the protection is typically never removed, creating a domestic monopoly. c) it must be approved by the IMF and the World Bank. d) it fails to protect domestic industries from foreign competition.
One problem with the infant industry argument is that a) it must be approved by th choicese Federal Reserve Board. b) the protection is typically never removed, creating a domestic monopoly. c) it must be approved by the IMF and the World Bank. d) it fails to protect domestic industries from foreign competition.
Chapter35: International Trade Restrictions
Section: Chapter Questions
Problem 11E
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One problem with the infant industry argument is that
a) it must be approved by th choicese Federal Reserve Board.
b) the protection is typically never removed, creating a domestic monopoly .
c) it must be approved by the IMF and the World Bank.
d) it fails to protect domestic industries from foreign competition.
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