On an aggregate level,free trade produces a net __________ and restricted trade produces a net __________.
A) loss; loss also
B) benefit; benefit also
C) benefit; loss
D) loss; benefit

Question

Quizplus · Accepted Answer

Free trade generally leads to increased efficiency and lower prices, which benefits consumers and producers overall. On the other hand, restricted trade limits competition and can lead to higher prices and reduced supply, which is a net loss for the economy as a whole.

On an Aggregate Level,free Trade Produces a Net __________ and Restricted