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Which of the following arguments in favor of free trade are FALSE? A) Domestic problems are best solved with domestic solutions B) As long as
Which of the following arguments in favor of free trade are FALSE?
A) Domestic problems are best solved with domestic solutions
B) As long as trade is not based on low wages, trade can be beneficial to all countries involved.
C) Free trade allows a more efficient use of resources than protectionism.
D) Trade policy is grossly inefficient in achieving domestic policy goals.
E) In the case of a small country, the efficiency losses associated with protectionism are often greater than any gains.
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