Question

Explain why the economist’s view of free trade is different from the public’s? How might these different perspectives be
reconciled ?

Answer 1

Ansicer - - Economy can import those goods from other Countries at low cost. While it costs high level to import technology or other factors of production. - different goods getting con Services at low prices from other countries having factors abandense, growth of Economy with increakd trado. * Many countries gain from free trade agreements but the general public oppose To idea of free trade because It may hart local produces by reducing demand of local products. and reduce the opportunities of people within to country, also and op Unemployed . factors within the country. * Two perspectives can be reconciled by taking . Some Steps to solve the assoe saried - To build awarnen about Te Conditions among - public and careful while trading because the may hurt local pie. public and producer of local.

to protect marginal - To Jom a take decision producen. 1 X On The Economot's used to Jaced by the poblic and Effect of the free trade this reconciled so at maximum will be beneficial. resolve the essue. produces that the perspectives level Te trade eo