Which of the following is a major argument of trade optimists?
A)Industrial policy can increase productivity of developing country manufacturing efficiency.
B)New synthetic substitutes are constantly being discovered and improved.
C)Developing country efficiency would improve with trade liberalization.
D)All of the above.

Question

Quizplus · Accepted Answer

Trade optimists argue that developing country efficiency would improve with trade liberalization. They believe that opening up to trade will lead to better allocation of resources, increased competition, and more efficient production processes. Other arguments mentioned in the options (A and B) are not necessarily major arguments of trade optimists.

Which of the Following Is a Major Argument of Trade