All of the following are factors mitigating against global trade liberalization EXCEPT
A) regional trading arrangements may limit trade liberalization with outsiders.
B) a small nation might do better entering into a pact with a larger nation rather than competing globally.
C) trading bloc members may not realize economies of scale through global liberalization.
D) trading bloc members prefer competing globally rather than locally.

Question

Quizplus · Accepted Answer

The given factors all mitigate against global trade liberalization, but only option D is not one of them. The preference of trading bloc members for global competition rather than local competition is not a factor mitigating against global trade liberalization, but rather a potential outcome of it.

All of the Following Are Factors Mitigating Against Global Trade