A problem encountered when implementing an infant industry, Ask an Expert

Economics

A problem encountered when implementing an "infant industry" tariff is that:

a. Domestic consumers will purchase the foreign good regardless of the tariff

b. Political pressure may prevent the tariff's removal when the industry matures

c. Most industries require tariff protection when they are mature

d. Labor unions will capture the protective effect in higher wages

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91572607

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