Some have used the national security argument to suggest that protectionist policies should be used for select industries. Categorize the items in terms of whether they strengthen or weaken this argument. Each item either strengthens or weakens the argument. Strengthens the argumentAnswer Bankthe ability of lobbyists to make a case that nearly any good is vital to national securityWeakens the argumentthe presence of the strategic petroleum reserve, which provides a stockpile of oil that can be used in an emergencyobserving China effectively limiting the world's supply of rare earth metals

Protectionist policies will be implemented with a main motive to enhance the economic activity…

Some have used the national security argument to suggest that protectionist policies should be used for select industries. Categorize the items in terms of whether they strengthen or weaken this argument. Each item either strengthens or weakens the argument

Some have used the national security argument to suggest that protectionist policies should be used for select industries. Categorize the items in terms of whether they strengthen or weaken this argument. Each item either strengthens or weakens the argument

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section18.5: Should The Government Balance Its Budget?

Problem 5QQ

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Strengthens the argument
Answer Bank
the ability of lobbyists to make a case that nearly any good is vital to national security
Weakens the argument
the presence of the strategic petroleum reserve, which provides a stockpile of oil that can be used in an emergency
observing China effectively limiting the world's supply of rare earth metals

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