Free trade not only has redistributive effects in terms of prices of goods, but also in terms of labor and employment.

Name: Free trade not only has redistributive effects in terms of prices of goods, but also in terms of labor and employment.
Brand: Quizplus
Rating: 4.8 (69 reviews)

Question

Quizplus · Accepted Answer

Free trade can lead to changes in the relative prices of goods and services, which can affect the demand for labor in different industries. This can lead to shifts in employment as economies adjust to new trade patterns, redistributing jobs across sectors.

Free Trade Not Only Has Redistributive Effects in Terms of Prices