Despite the long-term mutual gains from international trade,in the short run

Name: Despite the long-term mutual gains from international trade,in the short run
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

In the short run, international trade can harm firms, industries, and groups of workers that are not able to compete with cheaper imported goods. This can lead to job losses and economic dislocation in the affected sectors. However, in the long run, free trade can boost economic growth and job creation overall.

Despite the Long-Term Mutual Gains from International Trade,in the Short