/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q. 13 Why is the national security arg... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

Why is the national security argument not convincing?

Short Answer

Expert verified

It is not practical as it does not solve the core problem.

Step by step solution

01

Step1. Introduction

Imports are blocked, more often than not to promote and support the domestic producers. There are many arguments by which countries restrict imports like Infant Industry Argument, Environmental Degradation Argument, etc. One such argument is National Security Argument.

02

Step2. Explanation

Under the National Security/Interest Argument, it argues that a nation can not and must not heavily rely and depend upon other countries for the supply of certain key products like defense machinery, oil, etc. These products are of key and strategic importance to any country.
But, the argument is not convincing enough as if we don't import, it suggests to domestically utilize the limited resources without any efficient technology. This might be even more harmful for the economy. Also, under this argument, countries attempt to restrict the imports of even those products which can't really be called as a national concern. Hence, the argument is not convincing.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91Ó°ÊÓ!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

In principle, the benefits of international trade to a country exceed the costs, no matter whether the country is importing or exporting. In practice, it is not always possible to compensate the losers in a country, for example, workers who lose their jobs due to foreign imports. In your opinion, does that mean that trade should be inhibited to prevent losses?

An economic union requires giving up some political autonomy to succeed. What are some examples of political power, countries must give up to be members

of an economic union?

Assume a perfectly competitive market and the exporting country is small. Using a demand and supply diagram, show the impact of increasing standards on a low-income exporter of toys. Show the tariff's impact. Is the effect on toy prices the same or different? Why is a standards policy preferred to tariffs?

Trade has income distribution effects. For example,

suppose that because of a government-negotiated

reduction in trade barriers, trade between Germany and the Czech Republic increases. Germany sells house paint to the Czech Republic. The Czech Republic sells alarm clocks to Germany. Would you expect this pattern of trade to increase or decrease jobs and wages in the paint industry in Germany? The alarm clock industry in Germany? The paint industry in Czech Republic? The

alarm clock industry in Czech Republic? What has to happen for there to be no increase in total unemployment in both countries?

Explain how predatory pricing could be a motivation for dumping.

See all solutions

Recommended explanations on Economics Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.