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Author Question: Does free trade improve the living standards of all residents of a country? (Read 109 times)

mt05945

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on: Oct 12, 2022
Does free trade improve the living standards of all residents of a country?
◦ Yes, definitely, because the gains from trade outweigh the losses in the import-competing industries.
◦ No, because the losses in the import-competing industries outweigh the gains from trade in the new export industries.
◦ No, because the benefits from free trade are only theoretical.
◦ Yes, because inefficient import-competing industries are replaced with efficient export industries.
◦ Probably not - in principle, the net gains from trade could be divided such that every individual is better off, but in practice, some individuals are likely to be worse off.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by mt05945 on Oct 12, 2022

sadoniam

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mt05945

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

phuda

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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