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What are some common objections to free trade? Balance of trade, Olympic gold medal wins, military prowess Infant industry, foreign wages too low, type of government, number of Super Bowl victories Comparative
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45 votes
45 votes
What are some common objections to free trade?

Balance of trade, Olympic gold medal wins, military prowess

Infant industry, foreign wages too low, type of government, number of Super Bowl victories

Comparative advantage, comparative wages, access to the Internet

Predatory pricing, dumping, unfair trade practices, cultural homogeneity

User Razer
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1 Answer

21 votes
21 votes

Answer:

Firstly, free trade is criticised due to its perceived disadvantages to local producers. The concept of free trade promotes open competition without barriers on a global scale. Thus, companies from abroad with a competitive solid edge may pose a severe threat to local businesses' revenues.

Step-by-step explanation:

User Ichistmeinname
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