International Economics
16th Edition
ISBN: 9781305887633
Author: Robert Carbaugh
Publisher: Cengage Learning
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Question
Chapter 1, Problem 4SQ
To determine
Determine the factors that influence the growth rate in the volume of world trade.
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What are the benefits of free international trade?
Why is global trade important?
List at least 3 factors that have accounted for the rapid growth of world trade over the past 50 years?
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- Technology has increased trade? True or Falsearrow_forwardIn practice do the policies of countries around the world reflect a commitment to free trade?arrow_forwardAssume that you were a small country, what would you rather have a comparative or absolute advantage with trading? Explain your reasoning.arrow_forward
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