For each of the following cases for limiting international trade, briefly explain the rationale for limiting trade
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For each of the following cases for limiting international trade, briefly explain the rationale for limiting trade and provide a possible counterargument. Which arguments do you find most compelling?
a. National security requires we produce strategically important goods ourselves.
b. Protection can help infant industries develop.
c. Anti-dumping laws prevent unfair competition.
d. Trade shouldn’t be a way to skirt regulations.
e. Foreign competition leads to job losses.
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a Rationale for limiting trade for national security Explanation The argument here is that certain goods and industries are crucial for national security and relying on other countries for these produ...View the full answer
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