Economic growth is positively affected by free trade.

Name: Economic growth is positively affected by free trade.
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

Quizplus · Accepted Answer

Free trade allows countries to specialize in producing goods and services in which they have a comparative advantage. This leads to greater efficiency in production and trade, resulting in lower costs for consumers and increased economic growth. Trade also stimulates innovation and creates opportunities for businesses to expand into new markets, further boosting economic growth.

Economic Growth Is Positively Affected by Free Trade