The most acceptable economic measure for trade protection is to?

Assessment: JAMB UTME - Economics - 1999 Subject: Economics

Question 1 Report

The most acceptable economic measure for trade protection is to?
Answer Details
Trade protection refers to government actions that restrict imports or promote exports to safeguard domestic industries. The most acceptable economic measure for trade protection is to protect infant industries. Infant industries are those that are in their early stages of development and require protection from foreign competition to grow and become established. By protecting these industries, the government can help to promote economic growth and create jobs, as well as reduce the need for future protection by allowing the industry to become competitive over time.

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