The prisoners' dilemma exercise suggests that
A) even when all countries would benefit from trade liberalization, political dynamics trap governments in a protectionist world.
B) even when all countries would benefit from protectionism, political dynamics trap governments in a liberalization world.
C) even when no countries would benefit from trade liberalization, political dynamics trap governments in a protectionist world.
D) even when no countries would benefit from protectionism, political dynamics trap governments in a liberalization world.
E) trade liberalization and protectionism benefit all countries equally.
Correct Answer:
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