Free trade between nations generally results in
A) industrialized nations gaining at the expense of developing nations.
B) an increase of jobs in developed nations.
C) mutually beneficial exchange relationships.
D) higher prices for imported goods.

Question

Quizplus · Accepted Answer

Free trade eliminates excessive tariffs and restrictive standards between trading nations. The result is the efficient production of goods and mutually beneficial exchange. However, it is well documented that free-trade agreements between developed and less-developed nations usually result in a loss of jobs for the developed nations.

Free Trade Between Nations Generally Results in