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The argument of tariff protection in less developed economies is that such a mea...


Question

The argument of tariff protection in less developed economies is that such a measure would

Options

A)
raise the price of goods affected abroad
B)
make consumers pay a higher price for the domestically produced output
C)
protect young industries from ruinous competition from abroad
D)
help reduced excess capacity in domestic industries
E)
stifle private investment intiatives

The correct answer is C.


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