Briefly summarize the major conclusions of the traditional theory of free trade with regard to its theoretical
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Briefly summarize the major conclusions of the traditional theory of free trade with regard to its theoretical effects on world and domestic efficiency, world and domestic economic growth, world and domestic income distribution, and the pattern of world production and consumption.
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The traditional theory of free trade stems largely from the ideas of Adam Smith and David Ricardo who proposed what we now know as the theory of compa...View the full answer
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