Why can free trade lower prices and widen consumer choice?
A
Imports come from the highest opportunity-cost producers, increasing choice and lowering prices.
B
Domestic firms produce every good at the lowest opportunity cost, increasing choice and lowering prices.
C
Governments restrict imports from inefficient producers, increasing choice and lowering prices.
D
Imports come from the lowest opportunity-cost producers, increasing choice and lowering prices.
6.1.2 benefits of specialisation and free trade (trade liberalisation), including the trading possibility curve Flashcards
24 flashcards on CIE Intl A Level Economics 6.1.2 benefits of specialisation and free trade (trade liberalisation), including the trading possibility curve: the key terms and definitions you need to recall.