In principle,trade can make everyone better off,since the gains to the winners exceed the losses to the losers.

Question

Quizplus · Accepted Answer

According to the theory of comparative advantage and free trade, trade allows countries to specialize in the production of goods and services they are relatively more efficient at producing, and engage in mutually beneficial exchange with other countries. This results in an overall increase in economic efficiency, production, and welfare, which can benefit all trading partners. However, it is important to note that in practice, not everyone may benefit equally or at the same rate from trade, and there may be winners and losers both within and between countries due to various factors such as inequality, adjustment costs, and market failures.

In Principle,trade Can Make Everyone Better Off,since the Gains to the Winners