Briefly explain the main arguments in favour of consumer protection
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National security protectionist arguments pertain to the risk of dependency upon other nations for economic sustainability.
Combining these ideas, it is clear that there is substantial national security value to trade protectionism. However, the opportunity cost of leveraging the ever-growing global markets make this an unattractive prospect if taken to any extreme, as the benefits of global trade rapidly offset the risk of economic dependency upon hostile nations.
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Answer: Briefly explain the main arguments in the favour of consumer protection.
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