Which of the following best explains why many US economists support free international trade?
(a) Workers who lose their jobs can collect unemployment compensation
(b) It is more important to reduce world inflation than to reduce US unemployment
(c) Workers are not affected; only businesses suffer
(d) The long-run gains to consumers and some producers exceed the losses to other producers
(e) Government can protect US industries while encouraging free trade
Answer: (b) It is more important to reduce world inflation than to reduce US unemployment
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