The concern that certain key domestic industries need to be protected with trade barriers is an argument centered on
a. |
infant industries. |
|
b. |
antidumping. |
|
c. |
national defense. |
|
d. |
domestic employment. |
Answer : a) infant industry
The infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale.
The concern that certain key domestic industries need to be protected with trade barriers is an...
The ratio of the prices of exported goods to the prices of imported goods is known as the: A. international inflation rate. B. terms of trade. C. price differential. D. ratio of advantage. Which statement is correct? A. Tariffs encourage international trade. B. There are both winners and losers from international trade. C. International trade lowers global production. D. It is always in the producers' interest to open borders to trade. Which statement is NOT an argument against free trade?...
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