Question: what are advantages and disadvantages of free trade?
Answer: (a) International Specialization: ...  (b) Increase in World Production and World Consumption: ...  (c) Safeguard against the Advent of Monopolies: ...  (d) Links with Other Countries: ...  (e) Higher Earnings of the Factors of Production: ...  (f) Benefits to Consumers: ...  (g) Higher Efficiency and Optimum Utilisation of Resources: