involves removing barriers to trade between different countries.Trade restrictionO Trade liberalizationProtectionismPlanned economy

Economist argues that the the world resources are optimally utilised if the trade among the…

Answered: involves removing barriers to trade…

involves removing barriers to trade between different countries. Trade restriction Trade liberalization Protectionism Planned economy

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter18: Trading With Other Nations

Section: Chapter Questions

Problem 3AA

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involves removing barriers to trade between different countries.
Trade restriction
O Trade liberalization
Protectionism
Planned economy

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Economists sometimes say that protectionism is the second-best choice for dealing with any particular problem. What they mean is that there is often a policy choice that is more direct or effective for dealing with the problemâ€”a choice that would still allow the benefits of trade to occur. Explain why protectionism is a second-best choice for helping workers as a group helping industries stay strong protecting the environment advancing national defense
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