How does free trade benefit consumers


Problem

Do the economic benefits of free trade outweigh the social costs? Explain your answer.

Write a paragraph that is at least four sentences long and includes your personal reflections on the role of government. Here are some questions to ask yourself as you prepare and compose your answer:

i. How does free trade benefit consumers? What effect does it have on prices, for example? How might it lead to better, more innovative goods and services?

ii. How does free trade benefit businesses? For example, how does it encourage investment?

iii. What negative effects might free trade have on small, local businesses?

iv. How does free trade encourage the mistreatment of workers and the environment?

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Microeconomics: How does free trade benefit consumers
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