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Exercise Two 1.Explain why trade is good for countries. 2.Explain - why trade restrictions reduce efficiency, using the example, and graph, of the effects of

Exercise Two

1.Explain why trade is good for countries.

2.Explain - why trade restrictions reduce efficiency, using the example, and graph, of the effects of a tariff , why protectionist arguments to justify such restrictions are not convincing.

3.Provide evidence of support from political leaders and institutions for free trade/open markets to enable recovery from Covid-19.

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