Arguments for free trade are sometimes disregarded by politicians because ?

The International Economy And Globalization 27/05/2021

A. Maximizing domestic efficiency is not considered imports
B. Maximizing consumer welfare may not be a chief priority
C. There exist sound economic reasons for keeping one’s economy isolated from other economies
D. Economists tend to favor high protected domestic markets

Related Mcqs:

    Economists suggest that an optimum tariff would be one which reduce imports to a point where___________?
    A. Comparative advantage is achieved B. Price elasticity of imports is unity and tariff revenue is maximized C. import prices are the same as export prices D. marginal social cost equals marginal social benefit...
    If a group of countries abolish trade barriers between them and set same tariffs on goods coming in from other countries they are a ?
    A. common market B. free trade area C. customs union D. federation...
    If a country has a burden of debt it cannot sustain it can ?
    A. reschedule debt B. get a loan from an international organization C. default on the loan D. any of the above...
    When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?
    A. trade diversion B. trade channeling C. trade creation and trade diversion D. trade creation...
    A demand switching policy could be ?
    A. Higher interest rates B. Higher income tax C. Tariffs D. Reduced government spending...

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