Trade can make some individuals worse off,even as it makes the country as a whole better off.

Name: Trade can make some individuals worse off,even as it makes the country as a whole better off.
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Question

Quizplus · Accepted Answer

This statement is true. While trade can increase the overall economic efficiency and output of a country, not everyone benefits equally from the gains of trade. Some individuals or groups may experience job loss, income inequality or other negative impacts as a result of trade.

Trade Can Make Some Individuals Worse Off,even as It Makes