Of the arguments for limiting trade which one is the most appealing to economists

Question

Quizplus · Accepted Answer

Economists generally support free trade and oppose limiting trade, but if they had to choose, preventing other countries from gaining a comparative advantage through environmentally irresponsible actions would be the most appealing argument. This is because it is a legitimate concern for global welfare, as the negative impacts of such actions can affect not just the country engaged in them, but the entire world. Additionally, this argument aligns with the issue of externalities, which can lead to market failure in the absence of regulation.

Of the Arguments for Limiting Trade Which One Is the Most