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economics

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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.

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