UOP ECO/ 535

The opening of trade will lead to the loss of jobs that produced the products that are imported as a result of the opening of trade,

  • and that job loss will offset any economic gains that result from the opening of trade.
  • and that job loss will reduce the country’s production possibilities curve.
  • but those workers who lose jobs because of imports can shift to the expanding export-oriented industries.
  • but any economic detriment caused by that job loss will be partially offset by economic gains from increased imports.

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