Free trade is generally harmful because it reallocates world resources.

Question

Quizplus · Accepted Answer

Free trade is generally beneficial because it allows countries to specialize in producing goods they are most efficient at, leading to overall economic efficiency and growth. It also promotes competition, which can lead to lower prices for consumers. While it may cause some short-term disruptions and shifts in resource allocation, the long-term benefits tend to outweigh these costs.

Free Trade Is Generally Harmful Because It Reallocates World Resources