Which of the following is NOT an advantage to a multilateral approach to free trade over a unilateral approach
A)A multilateral approach can reduce trade restrictions abroad as well as at home.
B)A multilateral approach has the potential to result in freer trade.
C)A multilateral approach may lead to more restricted trade if the negotiations fail.
D)A multilateral approach may have political advantages.

Question

Quizplus · Accepted Answer

A multilateral approach aims to reduce trade restrictions for all participating countries, whereas a unilateral approach focuses on reducing trade restrictions for one country. The potential for more restricted trade if negotiations fail is a disadvantage of multilateral approach and not an advantage. A, B, and D are all advantages of a multilateral approach.

Which of the Following Is NOT an Advantage to a Multilateral