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Business, 20.12.2019 04:31 lhotsedog96

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 o a. work in industries that do not have an absolute advantage and purchase those goods in o b. work in industries that have a comparative advantage and purchase those goods in which o c. work in industries that produce at higher total cost than do other countries and purchase 0 d. work in industries that do not have a comparative advantage and purchase those goods in o e. work in industries that produce at higher opportunity cost than in other countries and which other countries have an absolute advantage. other countries have a comparative advantage. those goods that can be produced at lower total cost in the united states. which the united states has a comparative advantage. purchase those goods that can be produced at lower opportunity cost in other countries.

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