what is one of the benefits of trade policies that eliminate barriers in international trade?\nmore…
what is one of the benefits of trade policies that eliminate barriers in international trade?\nmore international trade translates to higher wages for all workers in the united states.\nthere are more goods and services available, and this competition drives down prices.\nsales of us products increase due to fewer foreign products in the marketplace.\nworking conditions improve for employees in each of the trading partner countries.
Answer
Brief Explanations:
When trade barriers are eliminated, more goods and services from different countries enter the market. This increased supply and competition lead to lower prices for consumers. Higher - wages for all US workers is an over - generalization as not all workers benefit equally. Fewer foreign products would not be a result of eliminating trade barriers. There is no direct link between eliminating trade barriers and improved working conditions in trading partner countries.
Answer:
There are more goods and services available, and this competition drives down prices.