Statement I: Most economists support the concept of free trade.
Statement II: The NAFTA and GATT agreements placed substantial barriers in the way of free trade.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Question

Quizplus · Accepted Answer

Statement I is generally true as most economists believe that free trade increases efficiency and stimulates economic growth. Statement II is false because both NAFTA (North American Free Trade Agreement) and GATT (General Agreement on Tariffs and Trade) were designed to reduce trade barriers and promote free trade among member countries.

Statement I: Most Economists Support the Concept of Free Trade