The gains from freer trade benefit a ________ number of people and the losses affect a ________ number of people.

Question

Quizplus · Accepted Answer

The gains from freer trade benefit a large number of people including consumers who benefit from lower prices, workers who benefit from increased export opportunities, and businesses who benefit from access to larger markets. On the other hand, the losses from freer trade tend to affect a smaller number of people such as workers in industries that face increased competition from imports. Overall, the net benefits of freer trade tend to outweigh the costs.

The Gains from Freer Trade Benefit a ________ Number of People