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What is the economic basis for trade

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What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences. What are some examples of goods that the U.S. has comparative advantage in producing? What is the basis of international trade? What are the benefits and the costs? Under what conditions would you advocate for trade restrictions?

Reference no: EM132445019

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