If a country is net exporter, free trade will hurt the ________.
A. poor citizens of the country
B. domestic consumers
C. domestic producers
D. rich citizens of the country
Answer: B
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An effect of international trade is
A) the increase in the average price of goods as the cost of transportation has to be included. B) the transmission of ideas around the world. C) that only countries that have absolute advantage in producing a good can participate. D) that the United States has a trade surplus.
Government spending (G)
What will be an ideal response?
The Fed increases the money supply by selling bonds
a. true b. false
Which of the following statements is true?
A. Free trade causes contraction of the export-oriented sector. B. Free trade causes contraction in the import-competing sector. C. All domestic producers benefit when a country engages in free trade. D. Free trade restricts consumption choices of domestic consumers.