The fact that economists are generally united in their support of free trade is traceable to
A)the principle of absolute advantage.
B)the arguments made by Adam Smith and David Ricardo.
C)the decline in the power of labor unions during the 20ᵗʰ century.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The arguments made by Adam Smith and David Ricardo, particularly the principle of comparative advantage, form the theoretical basis for the economic case for free trade. This long-standing theory has been largely accepted by economists regardless of political affiliations. The decline in labor union power has had some impact on trade policy, but it is not the primary reason for economists' support of free trade.

The Fact That Economists Are Generally United in Their Support