Some groups of nations are forming trade blocs, like North America or Europe. Are regional trade blocs good for global trade or not?

How exactly does a tariff work to restrict free trade? Who benefits from the tariff? Who is worse off from a tariff?

Discuss the pros and cons of free trade.

John was a high school teacher earning $ 80,000 per year. He quit his job to start his own business in pizza catering.In order to learn how to run the pizza catering business, John enrolled in a TAFE to acquire catering skills.John’s course was for 3 months. John had to pay $2,000 as tuition for the 3 months.   After the training, John withdrew $110,000 from his savings account. He had been earning 5 percent interest per year for this account. He also borrowed $50,000.00 from his friend whom he pays 6 percent interest per year. Further, to start the business John used his own premises. He was receiving $12,000from rent per year. Finally, to start the business John uses $50,000 he had been given by his father to go on holiday to USA.   John’s first year of business can be summarised as follows:   Item Amount $ Revenue- Pizza Section 400,000 Revenue- Beverages Section 190,000 2 Cashiers (wages per worker) 55,000 Pizza ingredients 50,000 Manager 75,000…

What are the  pros and cons of free trade.

When countries trade with each​ other, does it result in a gain for​ everybody?

How does allowing distribution of goods and services through free trade improve efficiency in production? States will regulate more effectively. People won't need to work as much. It is not true that trade promotes efficiency. Entrepreneurs will be rewarded by improving products and methods.

how did the social worker and reformer jane addams and the writer samuel celmens feel about imperialism?

In what ways has free trade helped the economy? In what ways has free trade hurt the economy?

How does specialization increase production?