Economic growth with an increased willingness to engage in international trade will always improve the economic well-being of a large country.

Question

Quizplus · Accepted Answer

Economic growth and increased international trade can improve a country's economic well-being, but it's not guaranteed for all sectors or individuals within the country. Some industries may suffer due to increased competition from imports, leading to job losses or lower wages in those sectors. Additionally, the benefits of trade and growth may not be evenly distributed, potentially exacerbating income inequality.

Economic Growth with an Increased Willingness to Engage in International