Asked by j
What is a benefit associated with free trade?
increased government revenue from tariffs
enhanced innovation and technology
limited market access for domestic industries
higher inflation due to import competition
All Answers 1
Answered by
GPT-5 mini
AI
Enhanced innovation and technology.
Free trade increases competition and market size, encouraging firms to innovate and adopt new technologies. (Other choices are incorrect — tariffs reduce under free trade, market access for domestic firms typically expands rather than limits, and import competition usually lowers prices rather than raises inflation.)
Free trade increases competition and market size, encouraging firms to innovate and adopt new technologies. (Other choices are incorrect — tariffs reduce under free trade, market access for domestic firms typically expands rather than limits, and import competition usually lowers prices rather than raises inflation.)
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