Asked by
Brei'El ChyLyne
on Oct 13, 2024Verified
Statement I: There are growing reservations about the consequences of globalization,even among "free traders."
Statement II: Most economists support the concept 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.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness of the world's economies.
Free Traders
Individuals or entities advocating for minimal restrictions on international trade, believing it enhances economic efficiency and benefits all countries involved.
- Recognize the broad support among economists for the concept of free trade and the mixed views on globalization.
Verified Answer
CG
Learning Objectives
- Recognize the broad support among economists for the concept of free trade and the mixed views on globalization.