An Argument in Favor of Free Trade Is That Trade

question 204

True/False

An argument in favor of free trade is that trade barriers force consumers to pay higher prices for protected products than they would otherwise pay.

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Definitions:

Alternative Dispute Resolution

A term referring to various methods of resolving conflicts and disputes without traditional litigation, such as arbitration or mediation.

Mediation

A conflict resolution technique involving a neutral third party who helps disputing parties find a mutually acceptable solution.

Arbitration

The process whereby a neutral third party issues a binding decision to resolve a dispute.

Negotiate

The process of discussing something with someone to reach an agreement or compromise.