What is a primary benefit of trade liberalization?

A primary benefit of trade liberalization is greater market access and competitive pricing. When trade barriers such as tariffs and quotas are reduced or eliminated, businesses gain the ability to access new markets. This increased market access allows for a wider range of goods and services to be available to consumers at potentially lower prices due to enhanced competition among producers.

As companies face competition from international markets, they are often incentivized to improve efficiency and innovation, which can lead to better quality products at lower costs. This dynamic fosters an environment where consumers benefit from more choices and improved pricing, ultimately contributing to economic growth.

In contrast to this correct choice, options focused on increasing regulations, higher unemployment, or reduced foreign investment opportunities do not align with the overarching goals of trade liberalization, which seeks to enable free and open markets to promote economic prosperity.