Trade between the United States and China has caused changes in the incomes earned by workers and capitalists in both countries.Which of the following statements is NOT true?
A) Abundant Chinese labor has gained from trade.
B) Abundant Chinese capital has gained from trade.
C) Abundant American capital has gained from trade.
D) Scarce American labor has lost from trade.
E) Scarce Chinese capital has lost from trade.
Correct Answer:
Verified
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