Question

Explain the benefits and costs of a free trade agreement. (Site 1)

Answer 1

The benefits are: increases access to higher-quality and lower priced goods. Higher growth rate. Improves efficiency and innovation. Drives competitiveness. Promotes fairness. The cons are: increasing job outsourcing. poor working conditions. degradation of natural resources.

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Answer 2

Free trade increases access to higher-quality, lower-priced goods. ... Freeing trade reduces imported-input costs, thus reducing businesses' production costs and promoting economic growth. Free trade improves efficiency and innovation.

Step-by-step explanation: