Economists agree that trade ought to be restricted if free trade means that domestic jobs might be lost because of foreign competition.

Question

Quizplus · Accepted Answer

Economists generally agree that free trade leads to a more efficient allocation of resources, higher productivity, and overall economic growth. They argue that the benefits of free trade, such as lower prices for consumers and access to larger markets for producers, outweigh the costs, such as job losses in certain industries. Most economists advocate for policies that support workers affected by trade rather than restricting trade itself.

Economists Agree That Trade Ought to Be Restricted If Free