Question

question 31 (1 point)
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classic liberal trade theory holds the view that:
governments should not hesitate to intervene in controlling international trade
if it is necessary to protect domestic jobs and industries
free trade without governmental interference will eventually benefit all
economies in the international system by ensuring efficiency in the production
and distribution of goods and services
governments should continually protect their infant industries with trade
barriers so that they can become competitive in the international arena
too much dependence on trade should be discouraged because it leads to
dependence on foreign economies and governments and therefore a loss of
sovereignty

Explanation:

Classic liberal trade theory emphasizes free - market principles. It believes that when there is no government interference in trade (free trade), resources are allocated efficiently. This efficiency in the production and distribution of goods and services leads to overall benefits for all economies in the international system. Government intervention (such as protecting domestic jobs/industries with trade barriers as in the first and third options) or discouraging trade (as in the fourth option) goes against the core tenets of classic liberal trade theory.

Answer:

Free trade without governmental interference will eventually benefit all economies in the international system by ensuring efficiency in the production and distribution of goods and services.