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In addition to political considerations, all of the following are reasons for trade restrictions EXCEPT:

a. equalizing a nation's balance of payments
b. protecting new and weak industries
c. protecting the health of citizens
d. protecting national security
e. all of the above

User Valepu
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1 Answer

1 vote

Final answer:

Reasons for trade restrictions include various economic and security purposes, but 'all of the above' is incorrect as political considerations are not included in the given options. Protective measures are often taken to secure national interests, cultural identities, and public safety. option E.

Step-by-step explanation:

The reasons for trade restrictions include political considerations, equalizing a nation's balance of payments, protecting new and weak industries, protecting the health of citizens, and protecting national security. However, 'all of the above' as a reason for trade restrictions is not correct because political considerations are not a part of this list, they are a separate context for the restrictions. For instance, protecting national security is a significant reason for trade restrictions. An example would be two geopolitical rival nations restricting trade to preserve their security interests. Countries also employ trade policies to protect key industries that are part of their cultural identity or to prevent reliance on imports for essential goods. Additionally, countries enact trade policies at various levels, and while they might engage in international trade agreements to encourage free trade, they also protect their industries and citizens from adverse effects of global market forces.

User Amitesh Bharti
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8.7k points
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