International trade can make some individuals within a country worse off, even as it makes the country as a whole better off.

Question

Quizplus · Accepted Answer

While international trade generally increases a country's overall economic welfare by allowing for a more efficient allocation of resources and access to a larger variety of goods and services, it can also lead to job losses and lower wages in industries that are not competitive on a global scale, negatively affecting some individuals within the country.

International Trade Can Make Some Individuals Within a Country Worse