CFA Practice Question

There are 341 practice questions for this study session.

CFA Practice Question

Free trade will ______

A. harm workers who make goods that are imported, benefit workers who make goods that are exported, and harm the nation as a whole.
B. benefit workers who make goods that are imported, harm workers who make goods that are exported, and harm the nation as a whole.
C. harm workers who make goods that are imported, benefit workers who make goods that are exported, and benefit the nation as a whole.
Correct Answer: C

Free trade will lead to an increase in the imports of some goods. This will result in a domestic loss of jobs in those industries. The opposite will happen for exported goods. Overall, however, the nation will be better off.

User Contributed Comments 6

User Comment
To-be-CFA Free trade benefit the nation as a whole.
Yrazzaq88 Everyone is a winner when it comes to trading...
Inaganti6 tell that to the steel and aluminum factory workers in the rust belt cities
maryprz14 Tell that to Trump!
walterli USA imported goods too much,the economy heavily relied on foreign products,outsourcing is the problem.
walterli Free trade benefits rich people, it hurts domestic employment.
You need to log in first to add your comment.