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4 International trade and the global economy

4 International trade and the global economy

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Question 4

After trade barriers fall, domestic prices decrease and product quality improves, but one industry loses employment. Which conclusion is most accurate?

[1]
A

The policy must be rejected because any worker loses

B

The policy must be accepted because prices fall

C

International trade cannot affect employment

D

There are gains to consumers and competitive producers, but adjustment costs for some workers

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4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

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