Trade Agreements

Review Questions

1. Does international trade, taken as a whole, increase the total number of jobs, decrease the total number of jobs, or leave the total number of jobs about the same?
2. Is international trade likely to have roughly the same effect on the number of jobs in each individual industry?
3. How is international trade, taken as a whole, likely to affect the average level of wages?
4. Is international trade likely to have about the same effect on everyone's wages?