Question

Bertrand is an avid supporter of protectionism. His primary platform is the idea that the United States imports too many foreign goods. He dislikes that many of his clothes are made in China instead of the U.S. because clothing is a basic need, even for babies. He would prefer that the United States drill in the Arctic National Wildlife Refuge (ANWR) instead of importing oil from Kuwait because oil powers our military's tanks and planes. Which argument for protectionism is Bertrand using? A) The Job Creation Argument B) The National Security Argument C) The Infant Industry Argument D) The Environmental Protection Argument

Answer 1

Answer:

The Infant Industry Argument

Explanation:

The infant industry argument is a form of trade protectionism that aims to drive economy of scale in a native country as enjoyed by some major competitors in other countries.It looks at every opportunity that a country can utilize to drive economy of scale .

It may come with the dis advantage of lack of incentives to make it more efficient .

Bertrand views about investment in the USA is in support of infant industry argument in order to encourage economy of scale are adopted in the USA based on the fact that these product are in large demand in the USA.