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Benefits and issues of international tradeThe following questions deal with international trade 1. Is specialization to a nation's economic advantage? 2. How does specialization increase

Benefits and issues of international tradeThe following questions deal with international trade

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1. Is specialization to a nation's economic advantage? 2. How does specialization increase economic interdependence? 3. When does a nation have an absolute advantage over another? 4. When does a nation have a comparative advantage over another? 5. How do countries benefit from free trade? 6. What effect do exports have on prices and quantity? 7. How can domestic producers benefit from imports? 8. How does trade affect employment

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