Write an essay on the national defense argument for tariffs. Include in your discussion points in favor of this idea as well as problems with its implementation. Is protection the best policy to achieve the stated ends? Explain
What will be an ideal response?
The national defense argument is legitimate in those cases where domestic production is required. Problems include use in inappropriate situations as well as deadweight costs. A better policy would be to subsidize domestic production or subsidize imports during peace time.
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