List at least five arguments often given to support trade restrictions. How do economists respond to these arguments?

The five arguments that are based to support the trade restrictions are the job preservation, the national security, the infant industry, the unfair competition, NAFT and GATT

Explanation:

When the trade of goods are restricted artificially by the barriers between two or more countries are called as trade restrictions and it is also the by product of protectionism

There are many types of trade restrictions the tariff that are imposed for the export or the import of goods the protective tariff or the revenue tariffs are imposed and this will result in the limited offering the loss of revenue