A common economic argument in support of free trade states that all nations
will prosper more from the exchange of goods when they are able to do so
freely, without restrictions,
What might be a rebuttal to this argument from someone who is an advocate
of fair trade?
ОА)
Government regulation of trade in fact increases economic prosperity
for all involved nations.
Free trade does not, in fact, ensure prosperity for all. Instead,
wealthy nations benefit more than less-developed nations.
While fair trade ensures prosperity from the exchange of goods, it
ОС)
decreases overall output from all involved nations.
OD)
It is actually fair trade that ensures the prosperity of all nations while
advocating for no trade restrictions.