If specialization and outsourcing can harm domestic workers,why do countries still engage in trade?
A) Most workers have little influence on politicians and are ignored.
B) The gains from trade far outweigh the costs,and the economy benefits overall.
C) Domestic workers can move to a country with a greater need for their skills.
D) Welfare programs can support unemployed workers.
E) Shipping companies have a powerful lobby in Congress.

Question

Quizplus · Accepted Answer

Despite the potential harm to domestic workers, countries engage in trade because the overall benefits to the economy outweigh the costs. Trade allows countries to specialize in producing the goods and services they are best suited to produce, which can increase efficiency and productivity. This often results in lower prices and greater consumer choice, which can ultimately lead to economic growth and job creation. While some workers may be negatively impacted by trade, the benefits to the economy as a whole are typically thought to be greater.

If Specialization and Outsourcing Can Harm Domestic Workers,why Do Countries