Free trade between nations generally results in:
A)industrialized nations gaining at the expense of developing nations.
B)the loss of jobs in developing nations.
C)mutually beneficial exchange relationships.
D)higher prices for goods that are imported.

Question

Quizplus · Accepted Answer

Free trade generally leads to mutually beneficial exchange relationships where different countries specialize in producing goods or services that they are relatively more efficient at producing, and then trade with each other. This allows for greater efficiency and productivity, ultimately leading to lower prices and increased availability of goods and services for consumers. While there may be some initial job displacement and adjustment costs, overall free trade has been shown to increase economic growth and lead to higher standards of living for participating countries.

Free Trade Between Nations Generally Results In