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

Question

Quizplus · Accepted Answer

The gains from free trade are spread out among a large number of individuals and businesses who benefit from increased economic efficiency, lower prices, and expanded markets. On the other hand, the costs of free trade tend to be concentrated on specific industries, workers, and communities that may face increased competition or displacement. Therefore, a large number of people benefit from free trade, while a smaller group may incur costs.

The Gains from Free Trade Are Enjoyed by a _______Number