14) Which of the following is not an argument against free trade? Trade keeps co
ID: 1121899 • Letter: 1
Question
14) Which of the following is not an argument against free trade?
Trade keeps consumer prices too low.
Small industries need protection to achieve comparative advantage in a global environment.
Workers need protection from low-wage foreign workers.
Some industries need protection to ensure that we have them in times of national emergency.
A)Trade keeps consumer prices too low.
B)Small industries need protection to achieve comparative advantage in a global environment.
C)Workers need protection from low-wage foreign workers.
D)Some industries need protection to ensure that we have them in times of national emergency.
Explanation / Answer
14 B. Theory of comparative advantage states that countries should manufacture those goods that they are best suited for and this is not an argument against free trade.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.