In a short paragraph, discuss the pros and cons of signing a free trade agreement. What are two benefits and two
drawbacks to agreements such as NAFTA?

By signing a free trade agreement, a country may benefit by opening itself to more global trade. Countries may increase production when they have incentives to export their products. Agreements might help countries bring more varied and diverse products to their citizens. Finally, free trade agreements might help countries obtain cheaper imports, lowering prices on goods. On the other side, countries may experience job and industry losses as companies move to other countries. Countries may also grow more dependent on trading partners rather than producing goods for themselves.

Explanation:

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By signing a free trade agreement, a country may benefit by opening itself to more global trade. Countries may increase production when they have incentives to export their products. Agreements might help countries bring more varied and diverse products to their citizens. Finally, free trade agreements might help countries obtain cheaper imports, lowering prices on goods. On the other side, countries may experience job and industry losses as companies move to other countries. Countries may also grow more dependent on trading partners rather than producing goods for themselves.

Explanation:

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john maynard keynes developed new economic theories in response to the stock market crash of 1929. great depression of the 1930s. first and second world wars. economic boom of the 1950s.