Question

Supporters of free trade argue that it creates which economic benefit?

O A. Helping the environment by reducing emissions from shipping
B. Helping consumers by lowering the cost of goods and services
C. Protecting workers by enforcing international labor regulations
D. Promoting independence by reducing reliance on foreign goods

Answer 1

B. Helping consumers by lowering the cost of goods and services

Step-by-step explanation:

just got it right!

Answer 2

B. Helping consumers by lowering the cost of goods and services

Step-by-step explanation:

In a free-market economy, the private sector owns the factors of production. Entrepreneurs have the freedom to choose the type of business they want to run. Production is not limited to specific firms. Businesses are motivated by profits.

Many buyers and sellers characterize free-market economies. There is increased competition among sellers. The competition makes suppliers innovate to improve the quality of the goods and services they offer to customers. Due to competition, customers get quality products and competitive prices.