Answer:
TRUE
Explanation:
The producers of ball bearings in the United States of America used the infant industry argument, which is an economic rationale for trade protectionism to argue their case before the Federal Government. They asked the US government to impose certain trade restrictions on the importations of ball bearings.
The lobbyist who represented the domestic producers rightly claimed that the ball-bearing industry in the country was still at the infancy stage and would not be able to compete with foreign companies.
They opined that when the restriction is made, the indigenous ball-bearing industry would grow and be able to compete in the global market .
