Which of the following is not an important question for economic policy raised by the experience of the textile industry? A. How do the gains from trade compare to the losses? B. Who gains and who loses from free trade among countries? C. Which argument for restricting free trade is politically feasible? D. How does international trade affect consumer well-being?

Question

Kellen Solomon

Business

23 May, 02:39

Which of the following is not an important question for economic policy raised by the experience of the textile industry? A. How do the gains from trade compare to the losses? B. Who gains and who loses from free trade among countries? C. Which argument for restricting free trade is politically feasible? D. How does international trade affect consumer well-being?

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Answers (1)

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Jessie Hardy · Answer 1

C) Which argument for restricting free trade is politically feasible?

Explanation:

Foreign trade and globalization are here and there is nothing any country can do to stop it. As a country, you either engage in foreign trade or face with the possibility of becoming the next North Korea.

We can argue the benefits of foreign trade or how can we increase them, but the fact that foreign trade exists and cannot be stopped is something that not even President Trump could avoid.