what is one potential negative consequence associated with free trade?
import and export taxes are high under free trade
buyers and sellers can no longer make price decisions
countries that practice free trade have high unemployment
people in certain industries earn lower wages or sell fewer products
One potential negative consequence associated with free trade is that people in certain industries may earn lower wages or sell fewer products. This can lead to economic hardship for individuals working in those industries and potentially exacerbate income inequality. Additionally, industries may struggle to remain competitive in the global marketplace, leading to job losses and reduced economic growth in certain regions.
