Answer:
The answer is Infant Industry Argument.
Explanation:
Infant industry is a new industry that just springs up. In its early stage, they lack the necessary resources compared to the already established foreign counterparts. The industry needs to be protected from foreign goods because the industry needs the room to grow. Hence, the need for Infant Industry Argument.
Infant Industry Argument is an act of Trade Protection.
Two of the mechanisms to protect infant industry ate:
1. Tariff. These are taxes that a government imposes of imported goods.
2. Quotas. These places restrictions on the quantity of goods and services that can be imported into United States for a specified period of time.
