Free trade is harmful because it leads to increased competition.

Question

Quizplus · Accepted Answer

Free trade actually increases competition, but this is not necessarily harmful. Increased competition can lead to lower prices, innovation, and improved quality of goods and services. However, it can also have negative effects such as job losses for industries that cannot compete on a global level. Overall, the impact of free trade on competition depends on various factors and cannot be generalized as either harmful or beneficial.

Free Trade Is Harmful Because It Leads to Increased Competition