teferiamanuel2 teferiamanuel2
  • 20-05-2022
  • Business
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An argument for trade tariffs is that it protects infant industries.

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Colette3x Colette3x
  • 20-05-2022

Answer:

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.

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