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lurielbank lurielbank
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Posts: 472
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5 years ago

Question 1.

Which of the following is NOT a true statement regarding free trade?

• Every individual in a country gains short-term benefits from free trade.

• Free trade may stimulate economic growth through export sales.

• Free trade generally reduces the domestic prices of imports.

• Free trade promotes specialization and efficient production.

Question 2.

Free trade policies may lead to

• some labor sectors experiencing some short-term job loss.

• price increases in world markets.

• a decrease in world output.

• none of the above.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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eltoroeltoro
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5 years ago
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lurielbank Author
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5 years ago
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