Supporters of globalization insist that dislocation in the form of los

QUESTION

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

ANSWER

B
Supporters of globalization argue that when a country embraces free trade, there is always some dislocation, but the whole economy is better off as a result.