Which of the following is a true statement?
A) Only exporters benefit from trade.
B) Free trade harms domestic producers of goods that face import competition.
C) All producers benefit from trade but not all consumers benefit.
D) Everyone benefits from free trade.

Question

Quizplus · Accepted Answer

Free trade can harm domestic producers of goods that face import competition because it may lead to lower prices and increased competition from abroad, potentially reducing market share and profits for these domestic producers.

Which of the Following Is a True Statement