Increasing foreign trade has reduced income inequality because the market expansion effect increases the work opportunities and wages of low-skilled workers.

Name: Increasing foreign trade has reduced income inequality because the market expansion effect increases the work opportunities and wages of low-skilled workers.
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Question

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Increasing foreign trade has helped those with high skill levels but has not helped low-skilled workers as much, since foreign trade has increased the supply of low-skilled labor.

Increasing Foreign Trade Has Reduced Income Inequality Because the Market