(a)Employment will be focused in hi-tech industries. (b)Environmental disasters will be avoided. (c)Free trade reduces competitiveness for domestic firms. (d)The cost of living is likely to go down with free trade.

A newspaper headline stated ‘Free trade helps the world’s poorest’. Why might this be correct?

EXPLANATION:A newspaper headline stated ‘Free trade helps the world’s poorest’. Why might this be correct?

The term FREE TRADE(also called laissez-faire) simply means a policy taken by a government under which it does not discriminate against imports or interfere with exports.

A government can discriminate import by manipulating TARIFF charges
A government can interfere with exports by using tools like SUBSIDY

A free-trade policy does not necessarily imply, however, that a country abandons all control and taxation of imports and exports.

Free trade increases prosperity for World poorest countries because it allows consumers to buy more, better-quality products at lower costs.

Read more:
https://www.worldbank.org/en/topic/trade/publication/the-role-of-trade-in-ending-poverty

You'll have 60 seconds to answer each question.

Time's Up

Score:

Your fingernails and hair keep growing after you die

Result

Total Questions: 9

Attempt: 8

Correct : 3

Wrong: 5

Percentage: 33%