Business
Business, 07.10.2019 16:20, loveeealyric744

An article in the new yorker magazine states, "the main burden of trade-related job losses and wage declines has fallen on middle- and lower-income americans. very people who suffer most from free trade are often, paradoxically, among its biggest beneficiaries." explain how it is possible that middle- and lower-income americans are both the biggest losers and at the same time the biggest winners from free trade. source: james surowiecki, "the free-trade paradox," new yorker, may 26, 2008. it would be possible for middle- and lower-income americans to be both the biggest losers and at the same time the biggest winners from free trade if they are the ones most likely to a. work in industries that do not have a comparative advantage and purchase those goods in which the united states has a comparative advantage. b. work in industries that produce at higher total cost than do other countries and purchase those goods that can be produced at lower total cost in other countries. c. work in industries that do not have an absolute advantage and purchase those goods in which the united states has an absolute advantage. d. work in industries that produce at higher opportunity cost than in other countries and purchase those goods that can be produced at lower opportunity cost in other countries. e. work in industries that have a comparative advantage and purchase those goods in which other countries have a comparative advantage.

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An article in the new yorker magazine states, "the main burden of trade-related job losses and wage...

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