what is a benefit associated with free trade?\n○ increased government revenue from tariffs\n○ enhanced…

what is a benefit associated with free trade?\n○ increased government revenue from tariffs\n○ enhanced innovation and technology\n○ limited market access for domestic industries\n○ higher inflation due to import competition

what is a benefit associated with free trade?\n○ increased government revenue from tariffs\n○ enhanced innovation and technology\n○ limited market access for domestic industries\n○ higher inflation due to import competition

Answer

Brief Explanations:

Free - trade promotes competition and knowledge - sharing among countries. This competition and exchange of ideas lead to enhanced innovation and technology as firms strive to be more competitive in the global market. Tariffs are reduced or eliminated in free - trade, so government revenue from tariffs doesn't increase. Free - trade expands market access for domestic industries, not limits it. And while there can be some short - term price changes, free - trade generally doesn't cause higher inflation due to import competition as it can also bring in cheaper goods.

Answer:

enhanced innovation and technology