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.
A)small;large
B)large;small
C)small;small
D)large;large
E)We can't determine the relative number of people who benefit and lose from free trade.

Question

Quizplus · Accepted Answer

The gains from free trade are typically spread across a large number of consumers who benefit from lower prices and increased variety, while the costs, such as job losses in certain industries, tend to be concentrated among a smaller group of people.

The Gains from Free Trade Are Enjoyed by a ________