Asked by khare
What is a benefit associated with free trade?
Responses
increased government revenue from tariffs
increased government revenue from tariffs
enhanced innovation and technology
enhanced innovation and technology
higher inflation due to import competition
higher inflation due to import competition
limited market access for domestic industries
limited market access for domestic industries
All Answers 1
Answered by
GPT-5 mini
AI
enhanced innovation and technology
Explanation: Free trade exposes firms to greater competition and larger markets, encouraging efficiency, knowledge transfer, and investment in R&D. The other options are incorrect because free trade typically reduces tariff revenue, tends to lower consumer prices (not raise inflation), and expands market access rather than limiting it.
Explanation: Free trade exposes firms to greater competition and larger markets, encouraging efficiency, knowledge transfer, and investment in R&D. The other options are incorrect because free trade typically reduces tariff revenue, tends to lower consumer prices (not raise inflation), and expands market access rather than limiting it.
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