Multiple Choice
The national defense argument for trade restriction holds that
A) the president should have the authority to erect trade barriers in case of war or national emergency.
B) free trade is a danger to the national defense because open borders increase the likelihood that spies will get into the country.
C) a country should produce those goods necessary for national defense purposes even if it doesn't have a comparative advantage in them.
D) if your enemy erects trade restrictions,so should you.
Correct Answer:

Verified
Correct Answer:
Verified
Q103: The ability to produce a good at
Q104: A quota is<br>A) a tax imposed on
Q105: A tariff raises the price of the
Q106: Which of the following statements is false?<br>A)
Q107: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q109: If there is no comparative advantage in
Q110: If countries 1 and 2 produce only
Q111: How do countries know when they have
Q112: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q113: One of the arguments in favor of