Suppose that the government is considering signing a free


Suppose that the government is considering signing a free trade agreement that would create an annual benefit of $50 each for 500,000 persons who would pay less for consumer products but which would create annual harms of $80,000 each for 150 different persons who would lose their jobs. Does this policy increase or decrease total surplus, and by how much?

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Business Economics: Suppose that the government is considering signing a free
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