Question

The primary benefit of a Free Trade Agreement is that they

allow countries to charge high tarilis on imports and exports.
O allow countries to more easily buy what they do not produce.
O have fewer economic restrictions than trade organizations.

Answer 1

The primary benefit of a Free Trade Agreement is that they allow countries to more easily buy what they do not produce.

Step-by-step explanation:

The primary benefit of a Free Trade Agreement is that they allow countries to more easily buy what they do not produce. Free trade agreements aim to eliminate or reduce trade barriers between countries, such as tariffs and quotas, which can hinder the flow of goods and services between nations. By reducing these barriers, countries can have access to a wider range of products and resources, allowing them to import goods they do not produce domestically.

For example, if Country A specializes in producing agricultural products but does not have a strong manufacturing sector, a free trade agreement could allow Country A to import manufactured goods from Country B at a lower cost. This benefits both countries as it promotes specialization and efficiency in production.

In contrast, charging high tariffs on imports and exports would be a form of protectionism and would limit the benefits of free trade.

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