Which policy reflects the notion that if society enjoys gains that are due to increased efficiency stemming from trade liberalization, some sort of compensation should be provided to those who are temporarily hurt by import competition?

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Trade adjustment assistance reflects the notion that if society enjoys gains that are due to increased efficiency stemming from trade liberalization, some sort of compensation should be provided to those who are temporarily hurt by import competition. Countervailing duties are tariffs that are specifically imposed to counteract the effects of subsidies given to foreign producers, while domestic subsidies are government payments to domestic producers in order to promote their production. The most-favored-nation standard refers to the principle that countries should not discriminate against each other in terms of trade.

Which Policy Reflects the Notion That If Society Enjoys Gains