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Suppose Belgium produces only two goods, chocolate and lace. If Belgium has a comparative advantage in lace, a move toward free trade will

a. harm chocolate workers in the short run, benefit lace workers, but benefit the nation as a whole.

b. benefit chocolate workers, harm lace workers in the short run, but benefit the nation as a whole.

c. benefit chocolate workers, harm lace workers in the short run, but harm the nation as a whole.

d. harm chocolate workers in the short run, harm lace workers, but benefit the nation as a whole.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91274625

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