Protectionism Is Usually Justified on the Basis of One of Four

question 2

Essay

Protectionism is usually justified on the basis of one of four arguments.What are those four arguments?

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Definitions:

Discharge By Agreement

Agreement by the parties that a contract is ended.

Discharge By Frustration

The termination of a contract due to unexpected events which render the performance of the contract impossible or radically different.

Condition Subsequent

A condition in a contract that, when fulfilled, can terminate the contract’s obligations or bring it to an end.

Full Force And Effect

A legal term indicating that all terms of a contract or law are currently active and enforceable.