What is one potential negative consequence associated with free trade?
(1 point)
Responses
Import and export taxes are high under free trade.
Import and export taxes are high under free trade.
Buyers and sellers can no longer make price decisions.
Buyers and sellers can no longer make price decisions.
Countries that practice free trade have high unemployment.
Countries that practice free trade have high unemployment.
People in certain industries earn lower wages or sell fewer products.
1 answer
One potential negative consequence associated with free trade is:
People in certain industries earn lower wages or sell fewer products.
This can occur as industries in countries with lower production costs can outcompete domestic industries, leading to job losses and wage declines in affected sectors.
1 answer
11 answers
1 answer
1 answer