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20 December, 11:03

Explain the benefits and costs of a free trade agreement. (Site 1)

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  1. 20 December, 11:10
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    The benefits are: increases access to higher-quality and lower priced goods. Higher growth rate. Improves efficiency and innovation. Drives competitiveness. Promotes fairness. The cons are: increasing job outsourcing. poor working conditions. degradation of natural resources.

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  2. 20 December, 11:13
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    Free trade increases access to higher-quality, lower-priced goods ... Freeing trade reduces imported-input costs, thus reducing businesses' production costs and promoting economic growth. Free trade improves efficiency and innovation.
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