Economists consider the effects of free trade on income ...

[Coya19@aol.com]

Economists consider the effects of free trade on income distribution to be ________ important than the effects on overall welfare because ________.
 
  A) less; those who are harmed can be compensated by those who gain
  B) more; those who are harmed are not compensated by those who gain
  C) less; the effects on income distribution are minor and inconsequential
  D) more; the effects on income distribution are major and consequential
  E) less; the wealthy benefit and only the poor lose

Question 2

What types of international transactions are recorded in the balance of payment accounts?
 
  What will be an ideal response?

[harveenkau8139]

Answer to Question 1

A

Answer to Question 2

Three types: transactions that involve exports and imports of good and services; transactions that involve the purchase or sell of financial assets; and exports and imports of good and services; other activities resulting in transfer of wealth between countries which are recorded in the capital account.

[Coya19@aol.com]

Thank you

[harveenkau8139]

No problemo