what can be a result of free trade? check all that apply.\ntrade imbalances\ndecreased production\nlower…
what can be a result of free trade? check all that apply.\ntrade imbalances\ndecreased production\nlower economic growth\nincreased pollution\nexploitation of workers\nnew opportunities
Answer
Brief Explanations:
Free - trade can lead to trade imbalances as countries may import more than they export or vice - versa. It can also cause increased pollution if production shifts to areas with looser environmental regulations. Workers may be exploited in countries with weak labor laws in the pursuit of lower production costs. However, it can also create new opportunities such as access to larger markets and new investment. It generally does not lead to decreased production or lower economic growth as it promotes specialization and efficiency.
Answer:
- trade imbalances
- increased pollution
- exploitation of workers
- new opportunities