Carefully explain the relationship between the number of jobs in a country and international trade
What will be an ideal response?
International trade has little effect on the number of jobs in a country in the long run. The number of jobs is far more closely linked to the age and size of the population, labor market policies, the business cycle, and macroeconomic policies. However, trade may have an impact on the kinds of jobs that are available in an economy. Trade may also have some impact on wages, particularly on the wage stagnation observed in the last decade or so, although evidence on this is mixed.
Economics