chinnellepug8716 chinnellepug8716

11-03-2020
Business

contestada

In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade. Consider the following scenario:Without free trade, Rooby has market power as a local producer. Once free trade is implemented in the local economy, Rooby is no longer able to raise its prices above competitive levels.The previous scenario represents which of the following benefits of free trade?Increased variety of goodsEnhanced flow of ideasIncreased competitionLower costs through economies of scale

Respuesta :

lavanyaande lavanyaande

19-03-2020

Increased competition.

Answer: Option 3.

Explanation:

Free trade is the trade of goods and services from one country to the other country without any boundations and without any restrictions. As a result of the free trade, the consumers have more variety of a particular good in the market.

In this particular case, since Rooby is no longer the only producer of this particular because of the free trade in the market, he can not charge too high for a particular good and it increases the competition between the producers.

Answer Link

Otras preguntas

A group of field biologists goes out to mark beetles living in an area around a local pond in order to estimate population size. They capture 500 beetles on the

A plane's average speed between two cities is 600 km/hr. If the trip takes 2.5 hrs. how far does the plane fly?

B-lymphocytes are categorized as part of the adaptive branch of the immune system for all of the following reason but one. Which of the following is not one of

Claire has $210 to spend on clothes. She wants to buy a pair of shorts and some shirts. The cost of a pair of shorts is $25, and the cost of a shirt is $40. If

Jackson High School formed several teams to plan and execute the 150th anniversary celebrations of the school. Over a period of two months, the teams organized

Describe the movement of molecules in the illustration Molecules are moving from a lower concentration to a higher Molecules are moving from a higher concentrat

Which of the following, when taken up by the cell, binds to the repressor so that the repressor nolonger binds to the operator? A) ubiquitin B) inducer C) promo

What is the expression for this verbal description?a. six times a number less nine

During World War II, some governments created a system to ration the distribution of certain resources such as petroleum. How did this new system of regulation

Fantasia believes that people with blue eyes are somehow more creative than other people. Whenever Fantasia encounters a person that has blue eyes and is creati