In the 1950s,crude oil and natural gas imports were restricted to keep the domestic industries viable in case of a war.The rationale for this protection is the ________ argument for protection.

Question

Quizplus · Accepted Answer

The restriction on crude oil and natural gas imports in the 1950s was motivated by national security concerns. This falls under the category of the national security argument for protection. The aim was to ensure that the domestic industries that depend on oil and gas would be able to survive in the event of a war or other external threat to the nation's energy supply.

In the 1950s,crude Oil and Natural Gas Imports Were Restricted