Opening to trade expands an economy's consumption possibilities, so there is a way to make everybody better
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Question:
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.
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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