Which of the following is a TRUE statement?
A) Everyone benefits from free trade.
B) Only exporters benefit from trade.
C) All producers benefit from trade and but not all consumers benefit.
D) Free trade harms domestic producers of goods that face import competition.

Question

Quizplus · Accepted Answer

Free trade can harm domestic producers who are unable to compete with cheaper or higher-quality imports, leading to potential job losses and business closures in those sectors.

Which of the Following Is a TRUE Statement