The _____ argument was put forward as a rationale for protecting emerging domestic industries from foreign competition.

A) antidumping
B) infant industry
C) job and income
D) declining industries
E) national defense

Infant Industry

A newly established sector or industry in its early development stage, often protected by the government through tariffs or subsidies to help it grow.

Foreign Competition

The presence of competing products or services from other countries in a domestic market, which can influence local industries' performance.

Emerging Industries

Sectors that are in their initial stage of development, often characterized by high innovation and growth potential.