The argument of tariff protection in less developed economies is that such a measure would

  • 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

The correct answer is C. protect young industries from ruinous competition from abroad

No explanation given
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