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The benefits of trade are diffused to the many, but the costs are concentrated.

Which of the following choices support the above statement?

I. Cyclical unemployment occurs due to international trade

II. Structural unemployment occurs due to international trade

III. Frictional unemployment occurs due to international trade

IV. Infant industries fail when free trade deals occur

A

I Only

B

II Only

C

II and III

D

II and IV

E

II and III

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