Question: Which concept from Chapter 1 can be used to explain how it is possible for it to be in the individual interest of each nation

Which concept from Chapter 1 can be used to explain how it is possible for it to be in the individual interest of each nation to engage in protectionist policies but for everyone to be worse off if they all engage in protectionist policies?

a. The fallacy of composition

b. That correlation does not necessarily equate to causation

c. That all resources are scarce

d. That the right policy option is one chosen at the “margin

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