When countries trade with one another in a particular industry,there may be losses in jobs and plant closures in the country where the industry is not as competitive.

Question

Quizplus · Accepted Answer

This statement is true. If a country is not as competitive in a particular industry, and trade with other countries in that industry increases, it can lead to job losses and plant closures in that country.

When Countries Trade with One Another in a Particular Industry,there