Question

Which option is not part of the criticisms or limitations of the conclusion that free trade is universally beneficial, as stated in the passage?

A. The simple model includes many unrealistic assumptions.
B. Free trade may not account for distributional impacts.
C. Trade can lead to job displacement in certain industries.
D. Economic models often neglect the role of government regulations.

Answer 1

The option that is not part of the criticisms or limitations of the conclusion that free trade is universally beneficial, as stated in the passage, is D. Economic models often neglect the role of government regulations.

Step-by-step explanation:

The option that is not part of the criticisms or limitations of the conclusion that free trade is universally beneficial, as stated in the passage, is D. Economic models often neglect the role of government regulations.

The passage discusses various criticisms of free trade, including the unrealistic assumptions in the simple model (option A), the possibility of distributional impacts (option B), and job displacement in certain industries (option C). However, it does not mention the neglect of government regulations in economic models as a criticism of the conclusion that free trade is universally beneficial.