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Improvement of economic well-being

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Reference no: EM132415129

  • Does free trade contribute to the improvement of economic well-being? How does trade stimulate long-term economic growth? Explain.
  • Who gains and losses from free trade among countries, and how do the gains compare to the losses? Explain using examples.
  • Do you think the U.S. export and import of goods and services are based on the principle of a comparative advantage of trade? Explain.
  • Why do countries impose trade restrictions on goods and services they import from other countries? What are the pros and cons of trade protectionism?
  • What is the impact of free trade on domestic job creation policy? Elaborate with examples.

Reference no: EM132415129

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