Statement I: Most Economists Support the Concept of Free Trade

question 99

Multiple Choice

Statement I: Most economists support the concept of free trade.
Statement II: The NAFTA and GATT agreements placed substantial barriers in the way of free trade.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Tides

Regular, periodic variations in the sea level caused by the gravitational pull of the moon and sun on Earth's oceans.

Storms

Severe weather phenomena characterized by strong winds, heavy rain, thunder, lightning, or snow.

Seafloor Slope

The gradient or incline of the ocean floor away from the continental shelf towards the deeper ocean basin.

Shoreline

The boundary line where land meets ocean or sea, often changing due to tides and erosion.