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National defense argument for protection |
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National defense argument for protectionThe argument that imports should be restricted in order to sustain a domestic industry so that it will be available in case of trade disruption due to war. This is a second best argument, since there are a variety of ways of providing for defense at lower economic cost, including production subsidies, mothballing, and stockpiling.Similar MatchesProtectionismProtectionismAdvocacy of protection. The word has a negative connotation, and few advocates of protection in particular situations will acknowledge being protectionists. Noneconomic objectives argument for protectionNoneconomic objectives argument for protectionThe view that a restriction on imports may serve a purpose outside of conventional economic models. Unless that purpose is itself the restriction of trade, then this is a second-best argument, since changes in output, consumption, etc. can be achieved at lower economic cost in other ways. Import protectionImport protectionSee protection. Nominal rate of protectionNominal rate of protectionThe protection afforded an industry directly by the tariff and/or NTB on its output, ignoring effects of other trade barriers on the industry's inputs. Contrasts with the ERP. Marine Mammal Protection ActMarine Mammal Protection ActThe 1972 U.S. law prohibiting the "taking" (harassing, hunting, capturing, or killing) of marine mammals, and also prohibiting the import of any marine mammal product or any fish that has been associated with the taking of marine mammals. See tune-dolphin case. Further Suggestionscourt of protectionTariff protection Payment protection insurance Domestic distortions argument for protection Safeguards protection Self-sufficiency argument for protection Mortgage payment protection insurance (MPPI) Securities Investor Protection Corporation Cultural argument for protection Downside Protection Foreign investment argument for protection Content protection mortgage protection home responsibilities protection Infant industry protection Employment argument for protection Administered protection Effective rate of protection Balance of payments argument for protection Actual protection rate Endogenous protection Labor standards argument for protection protection applied Effective protection Building Societies Investor Protection Scheme |
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