chapter 2 Question 1 2 - Question 1 The purpose for...

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Question 1 The purpose for developing free trade agreements is to allow countries the opportunity to fairly trade a variety of goods and services with other countries across the world. While in turn avoiding high production costs and producing a larger vast quantity of products, allowing the products to be manufactured in different countries of the world avoiding strict restrictions. The establishment of free trade agreements represents a threat among other countries due to the fact that the countries are competing amongst themselves for better competition at a cheaper price. The higher taxes being imposed on products being produced could possibly hurt some of the countries economy causing their economy to suffer, and become a weaker economy. The establishment of free trade agreements has positive opportunities for global corporations allowing countries receiving products being produced at a cheaper exchange rate. There are better qualities of products being produced at an economical price. Global corporations allow
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This note was uploaded on 10/21/2011 for the course INTRO TO B BBA 2010 taught by Professor Profjones during the Spring '11 term at Columbia Southern University, Orange Beach.

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