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a. Discuss the advantages and disadvantages of free trade agreements for participating countries.
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- Why does the government create trade barriers if they can potentially hurt a worker in an economy (due to lower wages)? a. What can be done to avoid trade barriers? b. As a consumer, what are your experiences with trade barriers? c. What alternatives do you recommend to replace trade barriers? Why do you think labor standards and working conditions are lower in developing nations of the world rather than in other countries? Should a country impose higher safety standards on imported goods that exist in the foreign country where the goods were produced? Explain.What are the benefits of free international trade?What is wrong with world trade policy? Cite and explain some suggestion to improve the standing of the development countries in world trade?
- Which is a benefit of the Central American Free Trade Zone agreement? It allows all participants to create a region-wide health care system. It links regional power supplies between nations. O It minimizes border conflicts between countries. It creates a unified block to slow down outsourcing from the United States.How does trade generate more gains or, instead, losses to a country's economic growth and development! explain how can trade assist (or hinder) a country's growth and development!What are the some of the significant benefits and obvious problems associated with international trade? Please provide examples of Benefits and Problems.
- Which of the following statements is(are) FALSE?I. Trade creation is always bad for countriesII. Trade diversion is always good for countriesIII. Regional trade agreements never cause welfare losses A. I, II, and III B. II C.III D. IWhile the nation as a whole may gain from free trade, there is no doubt that certain regions, industries, firms, and individuals may lose their jobs and livelihood due to foreign competition. How can the rest of the nation help the unfortunate ones cope with the impact of international trade?True/False/Uncertain and Explain Gains from trade arise when countries specialize in producing the goods for which they hold an absolutely advantage and then trade.
