Final answer:
Multilateralism requires more than trade liberalization; it includes cooperation across various sectors to achieve global equilibrium and coordination. Trade liberalization alone is not sufficient to address the complex nature of international relations, so the answer is B) No.
Step-by-step explanation:
Mutually beneficial multilateralism is a concept that encompasses much more than just trade liberalization. Although trade liberalization, which involves the reduction of tariffs and other barriers to the exchange of goods and services, is a crucial aspect of global economic interaction, it alone is not sufficient for ensuring equilibrium and global coordination.
A holistic approach to multilateralism also requires cooperation in areas such as environmental protection, labor standards, intellectual property rights, and the promotion of political stability and peace.
Therefore, the answer to the student's question is B) No. Multilateralism is a multi-faceted approach that needs to address various issues to create an environment where all participants can benefit equitably. To achieve this, nations must engage in comprehensive agreements that go beyond the simple liberalization of trade.