What are the benefits associated with free trade and globalization?
A)Prevents employers from using pay cuts to threaten employees
B)An open economy that spurs innovation
C)Higher probability that inflation will arrest economic growth
D)Decreased per capita income
E)All of the above

Question

Quizplus · Accepted Answer

Free trade and globalization lead to an open economy, which encourages competition and innovation as companies and countries strive to be more efficient and creative to compete on a global scale.

What Are the Benefits Associated with Free Trade and Globalization