Question

The "unfair-competition" argument might be cited by an American who believes that:

A. young industries should be protected against foreign competition until they become profitable.
B. almost every country has a comparative advantage, relative to the United States, in producing almost all goods.
C. the French government's subsidies to French farmers justify restrictions on American imports of French agricultural products.
D. the American automobile industry should be protected against Japanese firms that are able to produce automobiles at relatively low cost.

Answer 1

The "unfair-competition" argument can be cited by an American who believes that young industries should be protected against foreign competition until they become profitable. This is known as the infant industry argument and it proposes temporarily blocking imports to give domestic industries a chance to develop and compete globally.

Step-by-step explanation:

The "unfair-competition" argument can be cited by an American who believes that young industries should be protected against foreign competition until they become profitable.

This argument is known as the infant industry argument and it suggests that new industries need temporary protection and support to develop the skills, management, technology, and economies of scale necessary to become competitive in the global economy.

This argument proposes blocking imports for a limited time to give the domestic industry a chance to mature before facing international competition.