passwella.
Menu

JAMB Economics 1999 Question 50

Question 50

International Trade

The most acceptable economic measure for trade protection is to

  1. A.improve standards of living
  2. B.protect infant industries
  3. C.safeguard strategic industries
  4. D.promote foreign trade.
Show the answer and explanation

Answer: B (protect infant industries)

Explanation

The infant industry argument, protecting new industries until they can compete, is the most widely accepted economic case for protection.