Which of the following is a major reason why many economists remain cr

QUESTION

Which of the following is a major reason why many economists remain critical of the infant industry argument?

A. It makes the domestic industry inefficient.

B. It does not provide guaranteed employment for the citizens.

C. It affects the standards of living and per capita income of the people.

D. It promotes foreign direct investment.

E. It leads to reduced prices in domestic markets.

 

ANSWER

A

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