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Why do countries generally gain from multilateral reductions in tariff and nontariff barriers?

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Why do countries generally gain from multilateral reductions in tariff and nontariff barriers?

Why do countries generally gain from multilateral reductions in tariff and nontariff barriers?
a) because liberalized trade policy is beneficial in the aggregate
b) because the politics of international trade policy is majoritarian
c) because liberalized trade policy supports market monopolies
d) because the distributive consequences of a liberalized trade policy are not uniform

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Business and Its Environment

Business and Its Environment

Edition: 7^th

Author: Baron

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Just got PERFECT on my quiz

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