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Explain the following as it relates to International Trade (SHORT ANSWER) Protectionism Economy Goods Imports Comparative Advantage Subsidy Import Quota Free Trade Globalization Trade Deficit
Explain the following as it relates to International Trade (SHORT ANSWER)
- Protectionism
- Economy
- Goods
- Imports
- Comparative Advantage
- Subsidy
- Import Quota
- Free Trade
- Globalization
- Trade Deficit
- Absolute advantage
- Efficiency
- National Competitive Advantage
- Factor Proportion Theory
- Mercantilism
- Developing Nations
- Trade Sanctions
- Outsourcing
- Exports
- World Trade Organization (WTO)
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