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Chapter 21: Q.13 (page 522)

Why is the national security argument not convincing?

Short Answer

Expert verified

National security argument not convincing because it won't solve the problem.

Step by step solution

01

Step 1. Definition

The national security argument is a justification provided for adopting protectionist policies such as tarriffs, quotas and other barriers by stating that it is unwise to become dependent on imports of certain products because it makes the nation vulnerable.

02

Step 2. Explanation 

he National interest argument for protectionism mentions that Restricting imports is neither a wise decision nor solves problems, national interest arguments with respect to certain products states that for products like defense equipment, oil, technology, a country must not be too dependent on other countries.

it would be vulnerable to importing certain key products because if the nation becomes dependent on those key imported products, then it would be difficult to cut off.

A stockpile of resources would be the wiser decision, to use the foreign supplies when available, compared to preemptively restricting imports better to not depend on them.

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Most popular questions from this chapter

Why is trade a good thing if some people lose?

What are some examples of innovative products

that have disrupted their industries for the better?

From the Work It Out "Effects of Trade Barriers," you can see that a tariff raises the price of imports. What is interesting is that the price rises by less than the amount of the tariff. Who pays the rest of the tariff amount? Can you show this graphically?

If trade barriers hurt the average worker in an economy (due to lower wages), why does the government create trade barriers?

The country of Pepperland exports steel to the Land of Submarines. Information for the quantity demanded (Qd) and quantity supplied (Qs) in each country, in a world without trade, are given in Table 21.6 and Table 21.7.

a. What would be the equilibrium price and quantity in each country in a world without trade? How can you tell?

b. What would be the equilibrium price and quantity in each country if trade is allowed to occur? How can you tell?

c. Sketch two supply and demand diagrams, one for each country, in the situation before trade.

d. On those diagrams, show the equilibrium price and the levels of exports and imports in the world after trade.

e. If the Land of Submarines imposes an antidumping import quota of 30, explain in general terms whether it will benefit or injure consumers and producers in each country.

f. Does your general answer change if the Land of Submarines imposes an import quota of 70?
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