The overall welfare effects of trade are ________ if ________.
A) positive; the domestic economy grows faster than do foreign economies
B) positive; more people gain from trade than lose from it
C) negative; some people are made worse off by trade
D) negative; those who lose can compel those who gain to compensate them for their losses
E) positive; those who gain can compensate those who lose and still be better off
Correct Answer:
Verified
Q47: In modern economies,
A) restrictions on international labor
Q48: In the specific factors model, the effects
Q49: The effect of trade on specialized employees
Q50: The relative price of a unit of
Q51: In the two-country model of international labor
Q53: In the two-country model of international labor
Q54: Economists consider the effects of free trade
Q55: The relative price of a unit of
Q56: There is a bias in the political
Q57: Those who will lose from free trade
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