Graph 9-9

-Which of the following is an argument for restricting trade?
A) trade restrictions make all Australians better off
B) trade restrictions increase economic efficiency
C) trade restrictions are necessary for economic growth
D) trade restrictions are necessary for national security

Question

Graph 9-9
 
-Which of the following is an argument for restricting trade?
A) trade restrictions make all Australians better off 
B) trade restrictions increase economic efficiency 
C) trade restrictions are necessary for economic growth 
D) trade restrictions are necessary for national security

Quizplus · Accepted Answer

National security is a legitimate reason for restricting trade, as some goods may pose a threat to a country's security. However, the other options (A, B, and C) are not valid arguments for trade restrictions as they ignore the potential negative impacts on consumers and economic growth.

Graph 9-9 -Which of the Following Is an Argument for Restricting Trade