Supporters of globalization insist that dislocation in the form of lost jobs is a trade-off that will ultimately lead to the economy being better off.Which of the following is being justified in this case?
A)protectionism and retaliatory trade policy
B)free trade of goods and services
C)rise of communism
D)high tariff on imports of manufactured goods
E)the need to be a self-contained nation

Question

Quizplus · Accepted Answer

Supporters of globalization believe that free trade of goods and services will ultimately lead to overall economic benefits, despite potential job loss in the short term. Protectionism, retaliatory trade policy, high tariffs on imports, and the idea of being a self-contained nation go against the principles of free trade and are not justified by this argument. The rise of communism is not relevant to this specific argument.

Supporters of Globalization Insist That Dislocation in the Form of Lost