bryce879098928284 bryce879098928284

24-06-2024
Social Studies

Answered

Supporters of free trade believe that:

A. the increased regulations make the trade more equitable.
B. it lowers costs because it encourages competition.
C. it provides a situation where specialization is unnecessary.
D. without government oversight, trade would grow out of control.

Answer :

GinnyAnswer GinnyAnswer

24-06-2024

Final answer:

Supporters of free trade believe it lowers costs through competition, encourages specialization for efficiency, and prevents conflicts while lifting populations out of poverty.

Explanation:

Supporters of free trade believe that it lowers costs because it encourages competition, provides a situation where specialization is unnecessary, and allows countries to specialize in what they do best for greater efficiency and higher standards of living. Free trade also prevents conflicts and is believed to lift segments of the population out of poverty by promoting innovation and reinvestment.

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