Which of the following may help to explain why economists view trade as good, while the public tends to be fearful of outsourcing?
a. Economists focus on the long-term benefits of trade, while the public is more concerned about short-term job losses due to outsourcing.
b. Economists have a global perspective and see trade as a way to increase overall wealth, while the public is more focused on how trade affects their local community.
c. Economists understand the principles of comparative advantage and specialization, while the public may not fully grasp these concepts and instead focus on the immediate impact of job displacement.
d. Economists consider the overall efficiency and productivity gains from trade, while the public may perceive outsourcing as a threat to their personal financial security.