Positive social benefits implied


The wage differential theory which argued that shifting resources from agriculture to manufacturing entailed positive social benefits implied that

A. Free trade policies would promote competitiveness.

B. Free trade policies would promote economic growth for both static and dynamic reasons.

C. Protectionism was likely to lead to economic stagnation.

D. Protectionism and import substitution was likely to promote economic growth.

E. None of the above.

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Microeconomics: Positive social benefits implied
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