The national security argument is that a country must protect industries that produce defense equipment and armaments

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The national security argument is that a country must protect industries that produce defense equipment and armaments and those on which the defense industries rely for their raw materials and other intermediate inputs. This argument for protection can be taken too far.

Should producers of national security equipment be protected from international competition?

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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