Which of the following does free trade encourage?
A) more rapid spread of technology
B) higher rates of economic growth
C) domestic industries' access to larger markets
D) all of the above

Question

Quizplus · Accepted Answer

Free trade encourages all of the options listed, including the more rapid spread of technology, higher rates of economic growth, and domestic industries' access to larger markets. By eliminating or reducing barriers to trade, countries can specialize in producing goods and services that they are best at, leading to increased efficiency and productivity. This, in turn, can lead to higher economic growth rates and increased access to larger markets for domestic industries. Additionally, the increased competition that results from free trade can encourage the development and spread of new technologies.

Which of the Following Does Free Trade Encourage