Post a New Question

economics

posted by on .

Can anyone please simply explain in words
to me that why free trade is a good thing even for a high-wage country like the U.S.???

Thanks a lot!!!!

  • economics - ,

    The key to trade is that both parties are better off. (If one of the trading parties is worse off because of the transaction, they would not engage.) Its win-win. And this is true regardless if the countries/business/people doing the trading are high income or not.

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question