More trade will give consumers a greater number of higher quality goods to choose from.

Question

Answer

Pro: Since firms can differentiate their products in a variety of ways beyond just price, greater trade means that consumers can choose between a variety of different options when looking for a specific product.

Answer

Con: More trade may lead firms that produce more expensive goods to opt out of competing with cheaper imports; instead, they may cater only to richer customers, thereby not really increasing choice for the average consumer.

Answer

Pro: With fewer barriers to trade, it is easier for those who are able to produce higher quality goods to export them.

Answer

Pro: With fewer trade barriers, producers have more options of where to procure resources needed for the production of their own goods. Thus, they can choose the better options.

Answer

Con: Consumers do not necessarily benefit from having more choice. Research shows that an excess of options to choose from causes buyers to be more dissatisfied with their purchases.

Is more trade always beneficial for countries?

More trade will give consumers a greater number of higher quality goods to choose from.

Pros

Cons

Since firms can differentiate their products in a variety of ways beyond just price, greater trade means that consumers can choose between a variety of different options when looking for a specific product.

With fewer barriers to trade, it is easier for those who are able to produce higher quality goods to export them.

With fewer trade barriers, producers have more options of where to procure resources needed for the production of their own goods. Thus, they can choose the better options.

More trade may lead firms that produce more expensive goods to opt out of competing with cheaper imports; instead, they may cater only to richer customers, thereby not really increasing choice for the average consumer.

Consumers do not necessarily benefit from having more choice. Research shows that an excess of options to choose from causes buyers to be more dissatisfied with their purchases.

Selected claim, supporting its parent

More trade will give consumers a greater number of higher quality goods to choose from.

Pro claim 1

Since firms can differentiate their products in a variety of ways beyond just price, greater trade means that consumers can choose between a variety of different options when looking for a specific product.

Pro claim 2

With fewer barriers to trade, it is easier for those who are able to produce higher quality goods to export them.

Pro claim 3, children below

With fewer trade barriers, producers have more options of where to procure resources needed for the production of their own goods. Thus, they can choose the better options.

Con claim 1

More trade may lead firms that produce more expensive goods to opt out of competing with cheaper imports; instead, they may cater only to richer customers, thereby not really increasing choice for the average consumer.

Con claim 2

Consumers do not necessarily benefit from having more choice. Research shows that an excess of options to choose from causes buyers to be more dissatisfied with their purchases.