Question

A group that wants to lower cost by encouraging competition would be likely to support

a. increased international regulations
b. government restrictions on trade
c. increased tariffs and subsidies
d. free trade agreements

Answer 1

The correct answer is D) Free trade agreements.

Individuals who want to encourage economic competition would like the idea of free trade agreements. This is due to the fact that free trade agreements ensure that companis have the opportunity to comepte with not only other local companies but companies all over the world. Free trade agreements allow businesses to reach a larger audience to sell their goods to.

Answer 2

Any group looking to lower costs by encouraging competition would likely support free trade agreements. Free trade agreements encourage competition in markets.