The infant industry argument is criticized because it relies on an assumption that:

The infant industry argument is criticized because it relies on an assumption that: 








A. new manufacturing industries in developing nations can initially compete with established industries in developed countries.

B. selling goods in a foreign market at below their "fair" market value is legally and ethically justified.

C. the domestic industry in a developing nation lacks the capacity to meet demand.

D. firms are unable to make efficient long-term investments by borrowing money from the domestic or international capital market.













Answer: D


International Business

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