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13 April, 22:06

What four main groups of arguments do nations use to justify protection for particular industries?

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  1. 13 April, 22:38
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    Infant Industry Argument - to protect developing domestic markets from foreign competitors Industry Diversification Argument - to prevent over reliance on one country or natural resource Anti-Dumping Argument - to prevent another country from drastically lower the cost temporarily as a means to drown out domestic competition. Pauper Labor Argument - To prevent countries with cheap labor from competing with domestic competitors
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