Which of the following statements is true?
A) Unlike other types of international trade, offshoring does not bring any gains from trade.
B) International trade leads to job losses in both import- competing industries and exporting industries.
C) International trade raises wages in developing countries.
D) International trade with rich industrial countries forces people in developing countries to work for lower wages.

Question

Quizplus · Accepted Answer

International trade can lead to higher wages in developing countries by creating jobs in export-oriented industries, which often pay higher wages than domestic-market-oriented industries. This is due to increased demand for labor and the transfer of technology and skills from more developed trading partners.

Which of the Following Statements Is True