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What do supporters of free trade say?
Supporters of free trade say that free trade benefits the global economy.
According to economists Adam Smith who benefits from free trade?
politicians
Do you believe that the benefits of free trade outweigh the drawbacks?
No, I do not as I have watched the economy of the USA go down HILL, ever since the free trade agreement was enacted under President Clinton. Where we once had several automobile plants in Anderson, we now have none! Free trade cost a lot of people their livelihood and that my friend is no good. Further the cost of automobiles has gone-up-not down. So I do not see free trade as free at all.
What describes one of the major economic benefits of free trade between countries?
One of the major economic benefits of free trade between countries is the enhancement of efficiency and productivity through comparative advantage. By allowing countries to specialize in the production of goods and services they can produce most efficiently, free trade enables a more optimal allocation of resources. This specialization leads to lower prices for consumers, increased variety of products, and overall economic growth. Additionally, free trade can stimulate innovation and competition, further benefiting economies involved.
How can you know that the benefits to the economy from free trade are greater than the benefits accruing to the domestic industry that is protected from foreign competition?
You don't. China's GDP has been growing 10% every year for the last fifty years, while America's economy is crumbling. Free trade is like letting a bunch of kids drive a car.
What do supporters of free trade say?
Supporters of free trade say that free trade benefits the global economy.
Who benefits free trade?
both buyers and sellers.
According to Adam smith who benefits from free trade?
politicians
According to economists Adam Smith who benefits from free trade?
politicians
NAFTA agreements of free trade?
NAFTA benefits the Canadian and Mexican economies.
Who benefits from free trade According to economists like Adam Smith?
politicians
What is Free Trade Agreement?
It is a bilateral agreement between two or more countries for mutual and exclusive benefits.
What are the Benefits of US free trade agreements?
Cheaper goods due to lower import/export taxes.
Is Canada better with free trade?
The costs of free trade have neutralized the benefits. May people were adveresely affected by free trade, especially smaller businesses. Larger business have benefitted more. I would say Canada ovearall has probably broken even, but I would not say we are better off.
Do you believe that the benefits of free trade outweigh the drawbacks?
No, I do not as I have watched the economy of the USA go down HILL, ever since the free trade agreement was enacted under President Clinton. Where we once had several automobile plants in Anderson, we now have none! Free trade cost a lot of people their livelihood and that my friend is no good. Further the cost of automobiles has gone-up-not down. So I do not see free trade as free at all.
What describes one of the major economic benefits of free trade between countries?
One of the major economic benefits of free trade between countries is the enhancement of efficiency and productivity through comparative advantage. By allowing countries to specialize in the production of goods and services they can produce most efficiently, free trade enables a more optimal allocation of resources. This specialization leads to lower prices for consumers, increased variety of products, and overall economic growth. Additionally, free trade can stimulate innovation and competition, further benefiting economies involved.
How can you know that the benefits to the economy from free trade are greater than the benefits accruing to the domestic industry that is protected from foreign competition?
You don't. China's GDP has been growing 10% every year for the last fifty years, while America's economy is crumbling. Free trade is like letting a bunch of kids drive a car.
