Does the fact that the production possibility model tells us that trade is good

Question

Does the fact that the production possibility model tells us that trade is good that in the real world free trade is necessarly the best policy? Explain No, because the model does not take into account the importance of institution and government in trade and takes no other no other society goals into accounts besides maximum total output. These contexts should be taken into account when formulating policy Yes. because trade allows for maximum total output and result, in widespread increase in the standard of living No, because free trade and globalization enrich multinational corpations, political and capaitals while undermining the standard of living for common yes, broken if the benefits of trade outweigh the costs, then the entire world should trade.

Explanation / Answer

Answer-NO,Becuase the model does not take into account the importance of institutions and government in trade and takes no other societal goals into account besides maximum total amount. These context should be taken into account when formulating policy.

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