Based on the information in the table above, what would be the income distribution effects of free trade between the US and Canada? A) Free trade is likely to favour neither capital nor labour capital in the United States. B) Free trade is likely to favour labour in the United States. C) Free trade is likely to favour either capital or labour in the United States, depending on U.S. productivity. D) Free trade is likely to favour capital in the United States.
Based on the information in the table above, what would be the income distribution effects of free trade between the US and Canada? A) Free trade is likely to favour neither capital nor labour capital in the United States. B) Free trade is likely to favour labour in the United States. C) Free trade is likely to favour either capital or labour in the United States, depending on U.S. productivity. D) Free trade is likely to favour capital in the United States.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Based on the information in the table above, what would be the income distribution effects of free
trade between the US and Canada?
A) Free trade is likely to favour neither capital nor labour capital in the United States.
B) Free trade is likely to favour labour in the United States.
C) Free trade is likely to favour either capital or labour in the United States, depending on U.S. productivity.
D) Free trade is likely to favour capital in the United States.
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