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

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Mitchell Jordan

Social Studies

20 December, 11:03

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

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Porter Norman · Answer 1

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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Darwin · Answer 2

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.