Supporters of free trade argue that it creates which economic benefit? O A. Helping the environment by reducing emissions from shipping B. Helping consumers by lowering the cost of goods and services C. Protecting workers by enforcing international labor regulations D. Promoting independence by reducing reliance on foreign goods
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Among the following, what conclusion can be given to the new trade theory? a) A country may export a good or import it, but not both. b) Consumers gain from the increased variety of goods that trade makes available. c) Countries as a whole must gain from trade. d) A country can only hurt itself by using government policies to promote exports.
Jennifer S.
One reason why "protecting domestic jobs" is a poor argument against free trade is because A. there is little evidence that trade protection saves domestic jobs. B. the cost of protecting jobs is much higher than the value of the jobs. C. labor in other countries is not priced lower than U.S. labor. D. any outsourcing of jobs from the U.S. is completely offset by outsourcing of jobs from other countries.
Azat N.
Explain briefly whether each of the following would be more likely to lead to a higher level of trade for an economy, or a greater imbalance of trade for an economy. a. Living in an especially large country b. Having a domestic investment rate much higher than the domestic savings rate c. Having many other large economies geographically nearby d. Having an especially large budget deficit e. Having countries with a tradition of strong protectionist legislation shutting out imports
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