23. According to Krugman, Obstfeld, and Melitz, assert that despite income distribution effects that result in some being hurt by freer trade most international economists are still strongly in favor of trade One reason these economists do so is that they believe that A. Income distribution effects are specific to international trade. B. It is always better to allow trade and compensate those who are hurt by it than to prohibit the trade. C. Those who stand to gain from increased trade are typically better organized that those who stand to lose. D. It is always better to allow trade and increase the rate of surplus value in both countries. E. None of the above.

23. According to Krugman, Obstfeld, and Melitz, assert that despite income distribution effects that result in some being hurt by freer trade most international economists are still strongly in favor of trade One reason these economists do so is that they believe that A. Income distribution effects are specific to international trade. B. It is always better to allow trade and compensate those who are hurt by it than to prohibit the trade. C. Those who stand to gain from increased trade are typically better organized that those who stand to lose. D. It is always better to allow trade and increase the rate of surplus value in both countries. E. None of the above.

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 4PA

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