If a Country Unilaterally Removes All Trade Restrictions

question 142

Multiple Choice

If a country unilaterally removes all trade restrictions,

• A)individual gains will tend to be larger in magnitude than individual losses.
• B)it will gain because all other countries' markets will be more open.
• C)it can prevent large adjustment costs.
• D)individual gains will tend to be smaller in magnitude than individual losses.
• E)everybody in the country will be better off.

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