Practice mode Non-Tariff Trade Barriers

For years the US government imposed quotas on cheap Middle Eastern oil, raising US consumers’ oil costs by about $3 billion. What was an apparent justification for this policy?

Correct answer A. One should not be too dependent on foreign suppliers of crucial resources

Explanation

The quotas were defended on national security grounds: relying heavily on foreign suppliers for a strategic resource was seen as risky if supplies were cut off.

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