Question
Economies always benefit from trade. Otherwise, they would not be trading. Not everyone within an economy, however, benefits from trade. Please use an example from
Economies always benefit from trade. Otherwise, they would not be trading. Not everyone within an economy, however, benefits from trade.
Please use an example from a country of your choice to demonstrate how some workers benefit from trade and others suffer?
References
Elevate - Data Stories (2018, January 27). Exchange rates and trade [Video]. YouTube. https://www.youtube.com/watch?v=D5YJeGggEeY
Geenlaw, S. & Shapiro, D. (2017). 10. International trade and capital flows. InPrincipals of macroeconomics 2e. Openstax. https://openstax.org/details/books/principles-macroeconomics-2e
- 10. International Trade and Capital Flows
Mr. G. (2021, June 24). Specialization and trade [Video]. Youtube. https://www.youtube.com/watch?v=E8DGPhcrI5g
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