In the process of trading in free markets, firms and consumers benefit but workers do not.

Name: In the process of trading in free markets, firms and consumers benefit but workers do not.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In free markets, firms and consumers benefit from increased competition and availability of goods and services, but workers can also benefit from increased job opportunities and higher wages as firms compete for their labor. Therefore, the statement is false.

In the Process of Trading in Free Markets, Firms and Consumers