According to Krugman,which of the following best indicates the dangers of a strategic trade policy?

Question

Quizplus · Accepted Answer

Krugman warns that implementing a strategic trade policy could lead to a retaliation from other countries, which could escalate into a large-scale trade war. This would harm all countries involved by reducing overall trade and potentially causing economic damage. Therefore, the occurrence of a trade war is the best indication of the dangers of a strategic trade policy, according to Krugman.

According to Krugman,which of the Following Best Indicates the Dangers