The most relevant problem associated with free trade among the options provided is loss of local jobs to international competition. Free trade can lead to domestic industries facing significant competition from foreign companies, which may produce goods more cheaply or efficiently. This can result in a decline in local manufacturing and services, leading to job losses in those sectors as businesses may struggle to compete.
Which of the following is a problem associated with free trade?
increased tensions between countries as they become more self-reliant
increased prices due to more stringent environmental protections
loss of local jobs to international competition
higher consumer prices due to intensified competition between producers
1 answer