The best description of one of the major economic benefits of free
trade between countries is:
- <u>A. Companies can lower production costs by producing goods in countries with low average wages.</u>
Free trade is an economic term that is used to describe the trade between two nations where there is no restrictions between imports and exports.
As a result of this, free trade has some benefits which include::
- Increase in financial prosperity
- People are able to buy more goods from a foreign country
- There is a variety of goods to choose from
- It leads to innovations
Therefore, the correct answer is option A
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Answer:
I think Their participation in trade between Europe and the east. Explanation: did this yesterday, sorry if its wrong
Answer:
<u>China's official trade policies in the 1500's reflectedisolation. Profit-minded merchants smuggled cargoes of silk, porcelain, and other goods out of the country and into the eager hands of European merchants. ... Usually, Europeans paid for these purchases with silver.</u>
