Which of the following groups will NOT gain if China and
The United States engage in completely free trade?
A)U.S.unskilled labor
B)U.S.consumers of Chinese made products
C)U.S.skilled labor
D)U.S.owners of capital

Question

Quizplus · Accepted Answer

The group that will not gain if China and the United States engage in completely free trade is U.S. unskilled labor. Free trade causes increased competition, and unskilled labor jobs may move to China, leading to job losses and wage reductions for the U.S. unskilled labor force. However, other groups like consumers of Chinese made products, skilled labor, and owners of capital are likely to benefit from increased trade with China.

Which of the Following Groups Will NOT Gain If China