A student researching trade has taken notes:
• Free trade increases overall economic efficiency • Some domestic industries suffer from foreign competition • Trade agreements can include labor and environmental standards • Displaced workers often struggle to find new employment • Trade benefits are unevenly distributed
The student wants to present a nuanced view of free trade.
Free trade increases overall economic efficiency for participating countries.
Free trade increases overall efficiency, but benefits are unevenly distributed—some industries suffer from competition, and displaced workers often struggle to find new employment.
Trade agreements can include labor and environmental standards.
Some domestic industries suffer from increased foreign competition.
Correct Answer: B
Choice B. Efficiency gains but uneven distribution and displaced workers shows nuance.