Economics 0455 · IGCSE · Globalisation, free trade and protection

Globalisation, free trade and protection — practice question

Country X has put in place free trade agreements with other countries. What benefit were these agreements meant to bring to Country X?

  • Aincreased labour shortages
  • Bincreased tariff revenue
  • Cmore efficient allocation of resources
  • Dprotection from low wage competition

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