The number of American jobs lost as a result of free trade agreements is small in comparison to the number of jobs lost because of new technological developments, changes in consumer preferences, and the normal failure of businesses in a market economy. Yet, job losses because of free trade agreements have a powerful political impact during presidential elections. Which of the following is a FALSE statement about trade policy? Group of answer choices Gains from trade in the form of lower prices are spread over the population as a whole and so many people receive a small benefit from trade. Losses from trade in the form of lost jobs tend to be concentrated in certain geographic areas, with the results that those areas feel the losses deeply. Job losses from trade have tended to be in states that are critical battlegrounds in presidential elections. The percentage of Americans working in manufacturing declined only after China was allowed to join the WTO, proving that the decline in manufacturing jobs in America was the result of trade agreements.

The number of American jobs lost as a result of free trade agreements is small in comparison to the number of jobs lost because of new technological developments, changes in consumer preferences, and the normal failure of businesses in a market economy. Yet, job losses because of free trade agreements have a powerful political impact during presidential elections. Which of the following is a FALSE statement about trade policy?