Wednesday
March 22, 2017

Post a New Question

Posted by on Sunday, September 21, 2008 at 9:29pm.

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 - , Monday, September 22, 2008 at 10:54am

    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