Give at least two reasons economists generally support free trade. Explain
What are the main reasons some oppose?© BrainMass Inc. brainmass.com October 10, 2019, 12:53 am ad1c9bdddf
Economist generally support free trade because they firmly believe that all economies can benefit from specializing on those products in which they have a comparative advantage. For example, if it takes Canada 1 hour to make an apple and 1 hour to make an orange and it takes the US 2 hours to make an apple and 3 hours to make an orange, the US has a comparative advantage in the production of apples (even though canada is better at producing both). ...
Pros and cons of free trade are highlighted.