Why is free trade good for the economy?

Answer Free trade encourages labor force specialization. In other words, free trade allows the United States to produce and sell what it does best and most efficiently, while allowing us to buy specialize... Read More »

Top Q&A For: Why is free trade good for the economy

Is there a negative effect of free trade on Venezuela's economy?

On One Hand: Free Trade Affects Tariff RevenueAccording to a study by the University of Colorado, the Venezuelan government stands to lose $1.7 million in import tariff revenues if the country enga... Read More »

Are free-trade agreements good, bad or in between?

On One Hand: Good for ConsumersFree-trade agreements are good for the consumer because they cause competition that drives down prices, according to the Congressional Budget Office. They also can cr... Read More »

Why is free trade a good thing?

Adam Smith, an 18th-century Scottish philosopher, has long been celebrated by advocates of free trade practice as the founder of free market economics. People who believe free trade is good present... Read More »

What Is Cap & Trade in the Economy?

A cap and trade program strives to reduce greenhouse gas emissions that contribute to global warming through a system that limits emissions and allows efficient industries to sell their excess perm... Read More »