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merrisara merrisara
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2 months ago

The national defense argument for trade restriction holds that



▸

the president should have the authority to erect trade barriers in case of war or national emergency.



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free trade is a danger to the national defense because open borders increase the likelihood that spies will get into the country.



▸

a country should produce those goods necessary for national defense purposes even if it doesn't have a comparative advantage in them.



▸

if your enemy erects trade restrictions, so should you.

Textbook 
Economics

Economics


Edition: 12th
Author:
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jordankites45jordankites45
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2 months ago
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a country should produce those goods necessary for national defense purposes even if it doesn't have a comparative advantage in them.
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