Question

THIS IS DUE IN 20 MINS, PLEASE HELP OUT I BEG!! *NO LINKS*

1.) Free trade:

A.) encourages trade between nations.

B.) reduces the prices of goods.

C.) reduces importing fees.

D.) All of these choices are correct.

2.) One argument against free trade is that it may result in a monopoly by a foreign company.

True

False

3.) Protectionists argue that free trade takes jobs away from the home country because companies will build factories in other countries where labor costs are lower.

True

False

4.) Each country has its own exchange rate that changes depending on a variety of
factors, including:

A.) the amount of imports and exports.

B.) the monetary policy of the country.

C.) interest rate changes in the country.

D.) All of these factors influence exchange rates in a country.

Answer 1

Free trade encourages international trading, reduces goods prices, and decreases importing fees, so all given options are correct. It is true that free trade can lead to monopolies by foreign firms and that protectionists believe it causes job loss in home countries. Exchange rates are influenced by several factors including trade balances, monetary policy, and interest rates.

Step-by-step explanation:

Free trade is a policy where governments do not restrict imports or exports. It has several benefits, such as encouraging trade between nations, reducing the prices of goods, and decreasing importing fees. Therefore, the answer to question 1 is D. All of these choices are correct.

In response to question 2, one argument against free trade is that it may result in a monopoly by a foreign company, which is True. Domestically, when faced with stiff competition from abroad, local companies may be edged out, potentially leading to monopoly situations.

For question 3, True, protectionists argue that free trade takes jobs away from the home country. This happens because companies may move production to countries with lower labor costs.

Regarding question 4, a country's exchange rate fluctuates due to multiple factors. These include the balance of imports and exports, the monetary policy, and changes in interest rates, making the correct answer D. All of these factors influence exchange rates in a country.