Issues in Economics Today 7th Edition by Robert Guell

Exercise 7

When looking at the impact of a change in trade policy economists use consumer and producer surplus to look at the winners and losers. Free-trade economists insist that
A) no one loses.
B) everyone loses.
C) there are winners and losers but that the gain to the winners is greater than the loss to the losers.
D) there are winners and losers but that the loss to the losers is greater than the gain to the winners.