Answered: For any economy, "regulated trade"…

For any economy, "regulated trade" (trade with barriers) is always preferred to both "free trade" (trade with no barriers) and "no trade." True False

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter18: Trading With Other Nations

Section: Chapter Questions

Problem 18AA

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Question

For any economy, "regulated trade" (trade with barriers) is always preferred to
both "free trade" (trade with no barriers) and "no trade."
True
False

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