Multiple Choice
Which of the following is not a criticism of the national defense argument for trade restrictions?
A) National defense only makes sense in the absence of international trade.
B) Stockpiling basic military hardware could eliminate the need to protect the domestic industry.
C) Nearly all industries can make some claim to strategic importance, so such trade restrictions can get out of hand.
D) National defense considerations can outweigh concerns about efficiency.
E) Government subsidies to domestic producers may be more efficient than trade restrictions.
Correct Answer:

Verified
Correct Answer:
Verified
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