Title: The Pros and Cons of Free Trade: Balancing Economic Prosperity and Social Consequences A free trade policy refers to a system where goods and services can be traded across borders without any restrictions or barriers such as tariffs, quotas, or

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1. Most countries that adopt a free trade market economy experience economic prosperity and overall improvement in daily living standards. Along with the many benefits and advantages, there are also several negative effects and disadvantages such as dislocation of industries, increased income inequality, degradation of natural rresources, unemployment, etc. 
Identify three advantages and three disadvantages of a free trade policy and explain why you think one outweighs the other.  What do you think the US should do to maintain the positive while reducing the negative of free trade?