Asked by Juan
suppose Belgium produces only two goods, chocolate and lace. If Belgium has a comparative advantage in lace, a move toward free trade will
a. benefit chocolate workers, harm lace workers in the short run, but benefit the nation as a whole.
b. harm chocolate workers in the short run, benefit lace workers, but benefit the nation as a whole
c. harm chocolate workers in the short run, harm lace workers, but benefit the nation as a whole
D. benefit chocolate workers, harm lace workers in the short run, but harm the nation as a whole.
Is the answer: D
a. benefit chocolate workers, harm lace workers in the short run, but benefit the nation as a whole.
b. harm chocolate workers in the short run, benefit lace workers, but benefit the nation as a whole
c. harm chocolate workers in the short run, harm lace workers, but benefit the nation as a whole
D. benefit chocolate workers, harm lace workers in the short run, but harm the nation as a whole.
Is the answer: D
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