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Why is it easy for opponents of free-trade to demonize free markets? What important point do they leave out of their argument against free trade?

User Mozello
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Final answer:

Critics of free trade often focus on job losses in certain industries but tend to overlook the broader economic benefits such as gains from trade, increased consumer choice, and economic welfare. Jobs created through trade in low-income countries often pay better than the local alternatives.

Step-by-step explanation:

It is easy for opponents of free-trade to demonize free markets because they can highlight the negative impacts of open market policies, such as job losses in industries where a nation lacks a comparative advantage. However, what they often leave out is the broader economic benefits that free trade provides, including the gains from trade and competition, increased choice for consumers, and the overall growth in economic welfare. These benefits can outweigh the costs, and trade can encourage industries to evolve and become more competitive. Additionally, jobs in low-income countries that involve making products for export to high-income countries typically pay more than the next-best alternatives in those countries, which is another important point that critics of free trade frequently overlook.

User Loliki
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