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Is it better for nations to engage in free trade agreements or to create barriers for trade?

User Ap
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Answer:

While some argue that free trade agreements promote economic growth and stability, others believe that creating barriers for trade is necessary to protect domestic industries and jobs.

Step-by-step explanation:

Free trade agreements allow nations to access larger markets, increase competition, and lower prices for consumers. This can lead to increased exports, job creation, and overall economic growth. However, it can also result in the loss of jobs in certain industries as companies move production to countries with lower labor costs.

On the other hand, creating barriers for trade can protect domestic industries from foreign competition and prevent the loss of jobs. However, this can also lead to higher prices for consumers and limit access to new markets.

User Eulanda
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