9. The impact of laws which inhibit free trade include: a. the nation's standard of living is decreased b. consumers are made worse off as the result of higher prices C. the cost-per-job-saved in protected industries is usually very high d. all of the above 10. Opening trade between a nation with "cheap labor" and one with "expensive labor" will a raise the standard of living in both countries b. lower the standard of living in both countries C. make some workers less efficient d. lead to an inappropriate allocation of resources