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Free trade using economic terminology

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Reference no: EM131711046

Explain how there are positive and negative results associated with free trade using economic terminology. Explain the positive and negative aspects of a tariffs. Evaluate trade policies considering the pros and cons of a trade surplus and a trade deficit. Discuss the pros and cons of complete isolation (no trade) vs. those of complete free trade. Answer in at least 200-500 words.

Reference no: EM131711046

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