Which of the following statements about the redistribution of income due to free trade is true?

a. Any loss of income is transitory.
b. Trade has huge benefits but only modest distributional impacts.
c. Some groups will necessarily suffer long-term losses in income from free trade.
d. While some people are hurt in the short term, everyone will benefit in the long run.
e. Because free trade creates complications, it is best to enforce trade restrictions.


Answer: c

Political Science

You might also like to view...

Random assignment of participants to conditions gives us confidence that

A) the researcher will remain blind to the condition under which each participant is tested. B) the groups to be compared are equivalent at the start of the study. C) the participants will remain blind to condition throughout the experiment. D) any placebo effect will be nullified.

Political Science

Otlavis and Ferdland are two southern states in the country of Blendland that share a common border. They share water from Lake Clarly, and therefore, sign an agreement pledging the protection of the lake and its premises in order to sustainably use its water. In this scenario, which of the following types of agreements is signed by the two states?

A) A preemptive agreement B) An interstate compact C) A federal mandate D) A block contract E) An unfunded mandate

Political Science

A researcher should avoid using focus groups when ______.

A. the issue is emotionally charged B. sensitive information is needed and confidentiality cannot be ensured C. the goal of the project is to reach consensus D. all of these

Political Science

Bulgaria was on the western side of the Iron Curtain

Indicate whether this statement is true or false.

Political Science