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1) Why do nations choose to trade? 2) How do you see Trade-Offs and Opportunity Cost through global trade? Provide at least one specific example.
1) Why do nations choose to trade? 2) How do you see Trade-Offs and Opportunity Cost through global trade? Provide at least one specific example. 3) If you won the lottery, what percentage of your winnings would you be willing to donate to charity? Explain 4) Which economic system do you believe to stand the greatest chance at providing economic equality for citizens? Communism, Capitalism, Socialism, or a mix between the three. Explain 5) What is globalization? 6) Do you support the use of trade barriers such as tariffs, quotas, and embargoes? Should trade genuinely be free and operate under Adam Smith's invisible hand with little to no government intervention? Explain 7) How does international trade benefit the United States? 8) Do the pros of international trade outweigh the cons of international trade? Is international trade a good thing that should be encouraged or should nations be forced to be self-sufficient? Explain 9) Should income distribution be needs based or skills based? 10) Rate the ability of the US Mixed Economic System on a scale of 1-10 for its ability to solve wealth and/or income inequality and provide citizens genuine happiness. Explain your rating
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