Free trade ________ living standards by ________ economic efficiency.

Name: Free trade ________ living standards by ________ economic efficiency.
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Question

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Free trade is known to raise living standards by increasing economic efficiency. When countries can specialize in producing goods and services that they are relatively more efficient at producing, they can produce more at lower costs. This leads to lower prices for consumers, higher profits for businesses, and ultimately, higher living standards.

Free Trade ________ Living Standards by ________ Economic Efficiency

Free Trade Living Standards by Economic Efficiency