Which one of the following is not an argument in favour of free trade ?
Conservation of foreign exchange is an argument for restricting imports rather than for free trade. Free trade instead encourages international specialisation, efficient use…
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Which one of the following is not an argument in favour of free trade ?
Answer and explanation
Correct answer D
Conservation of foreign exchange is an argument for restricting imports rather than for free trade. Free trade instead encourages international specialisation, efficient use of productive resources and competition against domestic monopolies.
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Maharashtra and Goa SET (MH SET)