What is true of the relationship between trade and economic growth?
A) Countries open to international trade display higher growth rates than those that close their economies to trade.
B) Within a group of developing countries, closed economies grow faster than open economies.
C) The Leontief paradox notes that adopting an open economy and embracing free trade does not reward a nation with higher economic growth.
D) Free trade hampers economic growth and leads to lower living standards in the long run.
E) Free trade has historically benefited poor counties and hence trade barriers should be introduced to protect rich countries from exploitation.

Question

Quizplus · Accepted Answer

Countries that are open to international trade tend to experience higher economic growth rates due to increased access to markets, technology, and investment.

What Is True of the Relationship Between Trade and Economic