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Within each country that opens itself to international trade, 0 A. there will be losses to the country's abundant factor. Q B. some factor owners
Within each country that opens itself to international trade, 0 A. there will be losses to the country's abundant factor. Q B. some factor owners gain, but other factor owners lose. 0 C. there is a clearcut gain for all factor owners. 0 D. workers always lose while corporations always win. Although trade creates gains tor some and losses for others, economists do not, generally, stress the income redistribution effects of international trade. Which of the following is NOT a reason why economists tend to deemphasize the impact of international trade on the distribution of income? 0 A. Income distribution effects are not specic to international trade. 0 B. Economists focus on the aggregate gains from trade and place little emphasis on losses to specic groups. 0 C. Most economists argue that trade with income transfers is better than no trade at all. C) D. Those that lose from trade tend to be marginally impacted by trade, poorly organized, and largely devoid of political inuence. The one-factor Ricardian model refutes the myth that free trade is beneficial only if a country is strong enough to stand up to foreign competition by O A. arguing that trade depends on the sheer amount of a good a country could produce. O B. indicating that a country only needs a comparative advantage to benefit from trade. O C. stating that trade is solely dependent upon the productivity level of a country's workers. O D. only requiring that one country have an absolute productivity advantage over another country
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