Trade theorists have proven that the gains from international trade
A)will always help "winners" by an amount exceeding the losses of "losers."
B)must raise the economic welfare of every country engaged in trade.
C)must raise the economic welfare of everyone in every country engaged in trade.
D)usually outweigh the benefits of protectionist policies.
E)must harm owners of "specific" factors of production.

Question

Quizplus · Accepted Answer

Trade theorists generally argue that the overall gains from international trade usually outweigh the benefits of protectionist policies, as trade can lead to more efficient resource allocation and increased economic welfare. However, this does not mean that every individual or specific group benefits, as there can be winners and losers within countries.

Trade Theorists Have Proven That the Gains from International Trade