Opening to trade expands an economy's consumption possibilities, so there is a way to make everybody better off. We see that trade makes off some people worse off, while others are made better off. Although the total money value of the gains is larger than the losses, only rarely do the gainers compensate the losers.

Using specific Christian values, themes, and principles, discuss whether or not a change in policy (such as opening (or closing off) international trade) implies any responsibility on the part of society or individuals to assist those who are hurt by the policy change.

Answer rating: 100% (QA)

When considering the responsibility to assist those who are hurt by policy changes including the opening or closing of international trade it is helpf... View the full answer