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Author Question: Economists believe the most persuasive argument for protectionism is to protect infant industries. ... (Read 67 times)

theo

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on: Oct 7, 2019

Economists believe the most persuasive argument for protectionism is to protect infant industries. But the argument has a drawback. What is this drawback?


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Governments usually use tariffs, rather than quotas, to protect infant industries in order to collect tariff revenue. (Quotas do not result in government revenue).


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Governments always make the level of protection for infant industries too high.


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Protection lessens the need for firms to become productive enough to compete with foreign firms; this often results in infant industries never "growing up."


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Governments are usually too impatient and do not allow protection to remain in place long enough to allow industries to be competitive in international markets.

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Marked as best answer by theo on Oct 7, 2019

kristenb95

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Reply #1 on: Oct 7, 2019
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theo

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Reply 2 on: Oct 7, 2019
Great answer, keep it coming :)

bassamabas

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Reply 3 on: Yesterday
Excellent

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