Pop internationalism myth

Reference no: EM13690246

Which of the following does Paul Krugman not consider a common misconception, or "pop internationalism" myth?

A. Countries are in competition with each other in the same way that companies in the same business are in competition.

B. International competition is a struggle over who gets the "high value" sectors.

C. Since U.S. firms are competing with foreigners instead of each other, the U.S. government should turn from its alleged adversarial position to one of supporting our firms against their foreign rivals.

D. Trade deficits are self-correcting and the benefits of trade do not depend on a country having an absolute advantage over its rivals

Reference no: EM13690246

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