Which of the following statements regarding cross-border trade and investment is not true?
A)"Protection" from foreign competitors has been,at times,demanded by the United States.
B)Forecasts indicate a return to the restrictive trade policies of the 1920s and 30s.
C)If trade barriers decline no further they will put a brake upon the globalization of both markets and production.
D)It is not clear whether the political majority in the industrialized world favors further reductions in trade barriers.

Question

Quizplus · Accepted Answer

Forecasts indicate a return to the restrictive trade policies of the 1920s and 30s is not true. While there has been some rhetoric regarding protectionism in recent years, actual trade policies have not returned to the levels seen in the 1920s and 30s. The other statements are all true.

Which of the Following Statements Regarding Cross-Border Trade and Investment