Which of the following statements concerning the infant industry argument is NOT correct? A. An infant...
Which of the following statements concerning the infant industry argument is NOT correct?
| A. |
An infant industry is too underdeveloped to achieve comparative advantage. |
|
| B. |
Infant industry protection is difficult to remove after the industry has matured. |
|
| C. |
The management and workers in an infant industry may be too inexperienced to compete in world markets. |
|
| D. |
Infant industry protection tends to focus on labor-intensive industries |
Homework Answers
"D"
Infant industry can be any type of the industry in the market, it is not necessary that is be an labor intensive industry.
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