Which of the following arguments for trade restrictions is often advanced?
A)Trade restrictions make all Americans better off.
B)Trade restrictions increase economic efficiency.
C)Trade restrictions are necessary for economic growth.
D)Trade restrictions are sometimes necessary for national security.

Question

Quizplus · Accepted Answer

It is often argued that trade restrictions are necessary for national security reasons, such as protecting domestic industries that are vital to defense or preventing the import of goods that may pose a threat to national security. This argument is often used to justify tariffs or quotas on certain imports. However, it is important to weigh the potential benefits of trade against the costs and unintended consequences of protectionism.

Which of the Following Arguments for Trade Restrictions Is Often