Economics 【Reading 20】Sample
Which of the following statements about the costs and benefits of international trade is most accurate? A)
| The costs of trade primarily affect those in domestic industries that compete with imports. |
| B)
| The costs of trade are greater than the benefits with regard to domestic employment. |
| C)
| Increased international trade benefits all groups in the trading countries. |
|
The benefits of trade are greater than the costs for the overall economy, but those in domestic industries competing with imports may suffer costs in the form of reduced profits or employment. |