Trade Restrictions Imposed in the Name of National Security Have

question 126

Multiple Choice

Trade restrictions imposed in the name of national security have been recommended by protectionists in order to:

• A) develop strong international connections with other industries.
• B) avoid competition with overseas producers.
• C) have cheaper domestic labour.
• D) not be dependent on foreign countries for defence-related goods in wartime.

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Definitions:

DuPont

A multinational corporation known for its development of polymers, chemicals, and agricultural products.

Trustbusters

Individuals or government entities that work to prevent or break up monopolies and trusts, aiming to encourage competition in the marketplace.

Alcoa Case

A landmark antitrust case in the United States that significantly expanded the concept of monopolistic practices and market domination by the Aluminum Company of America.

Sherman Antitrust

A landmark federal statute in the United States that prohibits monopolistic business practices, aiming to promote fair competition for the benefit of consumers.