Economics · International Trade

Which of the following arguments regarding free trade is/are correct? I. It leads to specialization in production. II. It helps prevent domestic monopolies by encouraging foreign competition. III. It protects domestic infant industries from foreign competition.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1All I, II and III
2II and III only
3I and II only✓
4I only

Correct answer

I and II only

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Which of the following arguments regarding free trade is/are correct? I. It leads to specialization in production. II. It helps prevent domestic monopolies by encouraging foreign competition. III. It protects domestic infant industries from foreign competition.

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Which of the following arguments regarding free trade is/are correct? I. It leads to specialization in production. II. It helps prevent domestic monopolies by encouraging foreign competition. III. It protects domestic infant industries from foreign competition.

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