Question

The infant-industry argument a. has the support of most economists. b. is based on the belief that protecting industries when they are young will pay off later. c. is based on the belief that protecting industries producing goods and services for infants is necessary if a country is to have healthy children. d. is an argument that is advanced by advocates of free trade.

Answer 1

b. is based on the belief that protecting industries when they are young will pay off later.

Step-by-step explanation:

The infant-industry argument is an international trade theory meant to protect industries in their early stages of development from competition from foreign firms. it is not advanced by advocates of free trade.

the theory postulates that infant indtureist be protected from competiton by various tariffs and laws that would discourage import