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Economists may need to pay more attention to the short - run disruption from international trade because: they think about the economy as businesses, such
Economists may need to pay more attention to the shortrun disruption from international trade because:
they think about "the economy" as businesses, such as auto plants having to relocate overseas.
these temporary effects can last long enough to be nearly permanent for the people involved.
the threat posed by international trade that domestic businesses may shrink is very real.
the closure of businesses is not about lost jobs; it can also mean the loss of local traditions.
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