One reason there is political opposition to international trade is that:

A. the potential gains from specialization and trade are small.
B. the differences in opportunity costs between countries are small.
C. not everyone benefits from trade.
D. trade does not increase the total value of goods and services produced by a nation.


Answer: C

Economics

You might also like to view...

If the BLS included all marginally attached workers as being unemployed, the ________ would be __________

A. unemployment rate; higher B. labor force; unchanged C. labor force participation rate; lower D. unemployment rate; lower

Economics

If Coca-Cola opens a bottling plant in Brazil, what effect would it have on that country's Gini coefficient?

Economics

The change in total output that results from one additional unit of input is the:

a) Marginal physical product. b) Input price. c) Average product of the input. d) Unit cost of the input.

Economics

The opportunity cost of attending college might best be described as

A. the lowest-valued alternative use of the student's time. B. the value that the student attaches to not working. C. the highest-valued alternative use of the student's time. D. the money that must be paid in order to attend college.

Economics