Explain the benefits and costs of a free trade agreement. (Site 1)

The theory of comparative advantage

Reducing tariff barriers leads to trade creation

Increased exports

Economies of scale

Increased competition

Explanation:

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Benefits of the free trade agreement support that allowing the citizens of a country to buy goods from anywhere in the world encourages peace, stability, and lower prices. This is because allowing citizens from around the world to buy and trade items creates a bond between our global civilization, connecting many people. However, opponents of this think otherwise. They say that free trade leaves some countries vulnerable in the event of a war or unstable international relations. They also believe that it is important to protect the workers and companies in a new industry from the competition and lower prices of established foreign companies. So basically, in the event of war occurring in a country associated with the free trade agreement, they would suffer more because they don't have much of the goods they sell of their own.

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answer; value-expressive influence;