The gains from free trade are enjoyed by a number of people and the costs of free trade are imposed by number of people.

Question

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The gains from free trade are enjoyed by a large number of people, including consumers who benefit from lower prices of imported goods and firms that export their products to foreign markets. However, the costs of free trade are typically imposed on a smaller group of people, including workers who may lose their jobs due to increased competition from foreign industries and firms that may face difficulty in competing with cheaper imports. Therefore, the gains are large but are often spread out, while the costs are smaller but more concentrated among certain groups.

The Gains from Free Trade Are Enjoyed by a Number