Suppose Canada forms a free-trade agreement with the Netherlands and increases the quantity of tulips it imports. Canadian tulip consumers will be _____ and Canadian tulip producers will be _____.
a) better off; better off
b) worse off; worse off
c) better off; worse off
d) worse off; better off
Which statement is not a common argument against free trade?
a) It causes environmental damage due to fewer regulations abroad.
b) It causes prices of imported goods to rise.
c) It prevents infant industries from becoming competitive in world markets.
d) It causes jobs to be lost to foreign competition