Which of the following is a fallacy of international trade?
A. Trade is a zero-sum activity
B. Exports increase employment in exporting industries
C. Import restrictions increase employment in import-competing industries
D. Tariffs and quotas reduce trade volume
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The first wave of globalization was brought to an end by ____.
A. The Great Depression
B. The Second World War
C. The First World War
D. The Smoot-Hawley Act
Multilateral trade negotiations have led to
A. Continued trade liberalization
B. Financial liberalization
C. Increased investment
D. All of the above
Opening the economy to international trade tends to lessen inflationary pressures at home.
A. 对
B. 错
The benefits of international trade accrue in the forms of lower domestic prices, development of more efficient methods and new products, and a greater range of consumption choices.
A. 对
B. 错