Free trade is viewed as key to economic development because
A) it encourages a faster spread of technology.
B) it encourages a country's exports only.
C) it brings in expensive new technology.
D) none of the above is correct.

Question

Quizplus · Accepted Answer

Free trade allows for easier access to technology and innovations from other countries, leading to a faster spread of knowledge and improvements in productivity. This can contribute to economic development. Choice B is incorrect because free trade can also benefit a country's imports and overall economy. Choice C is incorrect because free trade does not necessarily bring in expensive new technology, but rather allows for easier access to a wider range of technology options.

Free Trade Is Viewed as Key to Economic Development Because