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

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
Correct Answer: Option C
Explanation