All of These Are Arguments Against Free Trade, EXCEPT

question 20

Multiple Choice

All of these are arguments against free trade, EXCEPT:

• A) firms can use price discrimination practices across domestic and foreign markets.
• B) low-wage countries contribute to the displacement of American workers.
• C) the United States must provide protection to foreign markets that produce goods, such as oil, that can be produced domestically.
• D) the NAFTA agreement does not provide protection to American companies.

---

Definitions:

Sherman Act

The Sherman Act is a landmark federal statute in the field of U.S. antitrust law passed by Congress in 1890, which prohibits monopolistic business practices and promotes competition.

Illegal Per Se

Refers to actions or conditions that are inherently illegal, without the need for additional proof of their harmfulness or illegality.

Market Allocations

Agreements between competitors to divide markets among themselves, often considered illegal under antitrust laws.

Sherman Act

The Sherman Act is landmark federal legislation passed in 1890 aimed at promoting fair competition for the benefit of consumers by prohibiting monopolies and restrictive trade practices.