The problem most commonly associated with free trade is the loss of local jobs to international competition. This occurs when domestic industries find it difficult to compete with foreign producers offering cheaper goods, leading to job losses in those sectors.
16. Which of the following is a problem associated with free trade?(1 point)
Responses
increased prices due to more stringent environmental protections
increased prices due to more stringent environmental protections
increased tensions between countries as they become more self-reliant
increased tensions between countries as they become more self-reliant
higher consumer prices due to intensified competition between producers
higher consumer prices due to intensified competition between producers
loss of local jobs to international competition
1 answer