The following is the most appropriate description to explain the trade liberalization or trade deregulation policies since the mid-1980s a. This policy will definitely increase the economic development of developing countries b. the lower effective rate of protection c. improve inequality in developing countries c. strengthen the previous trade policy strategy, namely import substitution industrialization

The following is the most appropriate description to explain the trade liberalization or trade deregulation policies since the mid-1980s a. This policy will definitely increase the economic development of developing countries b. the lower effective rate of protection c. improve inequality in developing countries c. strengthen the previous trade policy strategy, namely import substitution industrialization

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 35P: If trade increases world GDP by 1 per year, what is the global impact of this increase over 10...

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