A possible explanation that a nation might offer for the imposition of a protectionist policy such as a tariff is to:

1 answer:

8 0

A possible explanation that a nation might offer for the imposition of a protectionist policy such as a tariff is to: protect an infant industry from foreign competitors.
Infant industries are commonly do not possess enough capital to create a product on a large scale, which often cause the cost per product tend to be higher. This occurrence will lower their capabilities to compete with foreign competitors that are able to produce the product at a cheaper price.

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