Question

9) Which of the following statements is TRUE? A) Free trade is beneficial only if your country is strong enough to stand up to foreign competition. B) Free trade is beneficial only if your competitor does not pay unreasonably low wages. C) Free trade is beneficial only if both countries have access to the same technology. D) Free trade is never beneficial for developing countries. E) Free trade can be beneficial to the economic welfare of all countries involved

Answer 1

Answer: "E) Free trade can be beneficial to the economic welfare of all countries involved" is TRUE.

Explanation: Free trade can be beneficial for all countries involved in development because, it causes an increase in resources, as a consequence an increase in the quality of life, international relations are improved and the level of production efficiency is improved.