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: