This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Economists believe the most persuasive argument for protectionism is to protect infant industries. ... (Read 68 times)

theo

  • Hero Member
  • *****
  • Posts: 698
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?


◦

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.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by theo on Oct 7, 2019

kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Oct 7, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 42% of students answer this correctly


theo

  • Member
  • Posts: 698
Reply 2 on: Oct 7, 2019
Great answer, keep it coming :)

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Treating the infant Treating the infant
Madonna and Child with St. Anne and Infant St. John the Baptist. Madonna and Child with St. Anne and Infant St. John the Baptist.
Solid foods like fortified infant rice cereal and oatmeal Solid foods like fortified infant rice cereal and oatmeal
Infant bonding and attachment to the caregiver Infant bonding and attachment to the caregiver
Infant Showing Signs of Fever Infant Showing Signs of Fever
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library