Which of the following statements is true?
A) Because of the transitional problems affecting some factors of production, the net benefits of free trade are generally negative.
B) Most economists are in favor of opening markets and extending international trade throughout the world.
C) Because of the compelling case for free trade, there are very few strong opponents and arguments against free trade remaining in the world today.
D) Cheap labor in foreign countries can almost always out-compete expensive labor in the United States.
Correct Answer:
Verified
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Q125: Nontariff barriers often take the form of:
A)
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