Which of the following statements is true?
A) Free trade agreements liberalize trade by reducing trade tariffs and barriers transnationally.
B) Free trade agreements move manufacturing sectors and service sectors to locations with more expensive labor and more business and environmental regulations.
C) Free trade agreements are accepted by all as beneficial.
D) Free trade agreements give developing countries an advantage over their trade.

Question

Quizplus · Accepted Answer

Free trade agreements are designed to reduce or eliminate trade barriers such as tariffs and quotas between participating countries, thereby liberalizing trade. This facilitates a more efficient allocation of resources, increases market access, and can stimulate economic growth.

Which of the Following Statements Is True