In a paragraph explain what the infant-industry argument is?

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What is the infant industry argument?

What is the "infant industry argument"? What are its implications for the world economy? What are the criticisms of this argument?

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5. The infant industry argument for protectionism is to block imports for a limited time, to give the infant industry time to mature, before it starts competing on equal terms in the global economy. True or False.

a. False

b. True

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In a paragraph explain what the infant-industry argument is?

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