Question

Which is an argument in favor of free trade? A) Placing caps on trade levels will help insure fair competition among all sides. B) Fewer trade barriers will lead to increased trade, production, and revenues for all sides. C) Import duties will help maintain fairer pricing structures in all the countries involved. D) Government subsidies to private companies will allow those companies to export more of their goods.

Answer 1

I thinks it's B
Hope this helps. Let me know if i'm wrong :)

Answer 2

The correct answer is B) fewer trade barriers will lead to increased trade, production, and revenues for all sides.

An argument in favor of free trade is "fewer trade barriers will lead to increased trade, production, and revenues for all sides."

In modern democracies, free trade is a great tool for imports and export goods with attractive revenues for all countries. Fewer trade barriers will lead to increased trade, production, and revenues for all sides, and it's a good foreign policy also, that helps to foster and maintain dimplonat relationships between countries.

A good example can be NAFTA, the North American Free Trade Agreement between Mexico, Canada, and the United States, that was recently renegotiated by the three countries and now exists under the new name of UMSCA, United States, Mexico, and Canada Agreement.