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Author Question: Economists believe the most persuasive argument for protectionism is to protect infant industries. ... (Read 111 times)

theo

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


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


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


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


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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theo

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Reply 2 on: Oct 7, 2019
Wow, this really help


scikid

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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