Statement I: There are growing reservations about the consequences of globalization,even among "free traders."
Statement II: Most economists support the concept 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

Both statements are true. Statement I reflects concerns about globalization's impacts, such as income inequality and job losses in certain sectors, even among proponents of free trade. Statement II is accurate because the majority of economists advocate for free trade due to its overall benefits to economic efficiency and growth.

Statement I: There Are Growing Reservations About the Consequences of Globalization,even