Which of the following claims about the case for or against free trade areincorrect?

a.Since the world already practices relatively free trade, the gains from trade for advanced economies in lowering tariff barriers are relatively insignificant.

b.A developing economy may choose to pursue export-oriented industrialization (EOI) strategy since EOI subsidies can help infant industries overcome predatory pricing in established markets.

c.Given the failure of import-substituting industrialization (ISI) strategies, there is no argument for a developing country to pursue ISI.

d.A political argument in favor of free trade is that choosing policies that deviate from this ideal could result in capture by special interests.

e.Even for a large country that benefits from terms of trade gains by imposing an optimum tariff, a prohibitively large tariff can lead to a decrease in national welfare.