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 wouldOptions
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
Related Lesson: Key Concepts and Summary | Monopoly
The correct answer is C.
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