The potentially valid arguments for tariff protection

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Reference no: EM131173936

“The potentially valid arguments for tariff protection—military self-sufficiency, infant industry protection, and diversification for stability—are also the most easily abused.” Which of the following illustrates the potential for abuse of tariff protection?

A. There is a tendency for trade barriers to remain in place even after a so-called infant industry becomes established.

B. Military self-sufficiency eliminates subsidies for other sectors.

C. Protected industries shoulder the burden of tariff protection.

D. Dumping cases by foreign firms in the United States are frequent but difficult to prove.

Reference no: EM131173936

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