Which of the following arguments for trade protection is based on the premise that a nation should have a wide enough range of domestic industries to be self-suﬃcient if necessary?

Question

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The diversification-for-stability argument supports trade protection on the basis that a nation should maintain a diverse range of domestic industries to ensure self-sufficiency and stability, especially in times of international crises or trade disruptions. This approach argues for protecting emerging or existing industries to avoid over-reliance on imports, thereby ensuring a nation can sustain itself if global trade dynamics change.

Which of the Following Arguments for Trade Protection Is Based