Principles of Macroeconomics 7th Edition

Published by South-Western College
ISBN 10: 1-28516-591-8
ISBN 13: 978-1-28516-591-2

Chapter 3 - Interdependence and the Gains from Trade - Questions For Review - Page 59: 6

Answer

Economists oppose any policies which restrict trade between nations because they are economically inefficient. Conversely, economists believe that globalization is far more efficient and encourage free trade policies.

Work Step by Step

Restricting trade is inefficient and creates deadweight loss, something economists don't like.
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