The national defense argument for trade protectionism holds that
A) what is good for business is good for the country.
B) what is good for consumers is good for the country.
C) consumers' surplus rises by more than producers' surplus falls.
D) producers' surplus rises by more than consumers' surplus falls.
E) none of the above

Question

Quizplus · Accepted Answer

The national defense argument for trade protectionism is based on the idea that certain industries are vital for national security and should be protected from foreign competition, even if it means sacrificing economic efficiency. None of the options A, B, C, or D directly relate to this concept.

The National Defense Argument for Trade Protectionism Holds That