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Assignment: Free trade
Most countries that adopt a free trade market economy experience economic prosperity and overall improvement to daily living standards. Along with the many benefits and advantages however, there are also several negative effects and disadvantages such as dislocation of industries, increased income inequality, degradation of natural resources, unemployment, etc.
Do you think the significant advantages to free trade out weigh the disadvantages? Why or why not? What do you think the US should do to maintain the positive while reducing the negative of free trade?
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