A major reason why it is difficult to lower the barriers to free trade is
A) that total benefits are less than total costs from free trade.
B) the uneven distribution of gains and losses from free trade.
C) the loss of jobs without any gain of jobs from free trade.
D) the inability to compensate losers from free trade.
E) that the barriers allow us to compete with cheap foreign labor.

Question

Quizplus · Accepted Answer

One of the major challenges in reducing barriers to free trade is that the benefits and costs are not evenly distributed. While some industries and individuals may gain from expanded trade, others may find themselves facing increased competition and potentially losing jobs or income. This creates political pressure to maintain trade barriers, even if they ultimately harm overall economic welfare.

A Major Reason Why It Is Difficult to Lower the Barriers