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Which is a commonly-heard argument in favor of protectionism? The gross national happiness argument. The protecting...

Which is a commonly-heard argument in favor of protectionism?

The gross national happiness argument.
The protecting immigration and foreign jobs argument.
The infant industry argument.
The collective bargaining argument.
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Answer #1

"C"

The infant industry argument. It means that the industries in the economy cannot compete with the big MNC having considerable economies of scale. That is why the economy need protectionism.  

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