Which of the following statements about global economic policy is LEAST accurate?
A) With the ratification of NAFTA, the United States became part of the world's largest free trade zone.
B) Many economists argue that once-popular protectionist policies are harmful to both the international and domestic economies.
C) Protestors have argued that globalization, especially as directed by international organizations such as WTO, undermine regional sovereignty and representative democracy.
D) The United States currently runs a large trade deficit, buying more goods from foreign countries than it sells abroad.
E) Among the chief proponents of free trade policies is organized labor, which believes that opening more markets to American goods will create more jobs for low-skilled American workers.
Correct Answer:
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