Many examples in this chapter indicate that there are substantial __________ as a result of competition and trade.
A) environmental disasters
B) labor shortages and strikes
C) gains to the economy
D) losses to consumers and workers

Question

Quizplus · Accepted Answer

The chapter discusses how competition and trade can lead to gains in the economy, such as lower prices, increased innovation, and greater consumer choice. While there may be some negative effects, such as job displacement, overall the benefits are emphasized. There is no discussion of environmental disasters or labor shortages and strikes being substantial outcomes of competition and trade. The mention of losses to consumers and workers does not reflect the overall theme of the chapter that competition and trade can lead to gains.

Many Examples in This Chapter Indicate That There Are Substantial