Most economists:
A) focus on the costs of international trade and discount its benefits in lower consumer prices.
B) include the effects of trade on the distribution of income.
C) recognize both the costs of international trade in lost jobs and the benefits in terms of lower prices.
D) support free trade because it raises the wages of those in countries who can hardly meet their basic needs.

Question

Quizplus · Accepted Answer

Most economists recognize both the costs of international trade, such as job losses in certain sectors, and the benefits, such as lower consumer prices and increased economic efficiency.

Most Economists