Americans whose jobs have been lost to free trade should,in theory:

Question

Quizplus · Accepted Answer

While it may take some time for workers who have lost their jobs due to free trade to find new employment, in the long run they should be able to find new jobs. Industries that are hurt by free trade are often matched by other industries that are helped by it. Furthermore, workers who have lost their jobs may need to retrain or acquire new skills to be able to qualify for jobs in growing industries, but this is possible with time and resources. Option A is incorrect as leaving the workforce is not the optimal outcome for society as a whole. Option B is incorrect as the income effect and price effect would not necessarily lead to a net gain in surplus for affected workers. Option D is partially correct but doesn't encompass the long-term possibilities of retraining or finding work in growing sectors.

Americans Whose Jobs Have Been Lost to Free Trade Should,in