Free trade benefits the nation as a whole but may hurt specific industries and workers.
Because of the benefits of specialization and free trade,all countries benefit because output is increased and resources are used more efficiently.However,import-sensitive industries that are hurt by cheaper imports suffer.

Question

Quizplus · Accepted Answer

This statement accurately summarizes the concept of free trade and its effects on industries and workers. While free trade is generally beneficial for the economy as a whole, some industries may suffer due to competition from cheaper imports.

Free Trade Benefits the Nation as a Whole but May