Question
International trade has been a great boon for many countries and, in general, has been more beneficial for the world than not. However, there are
International trade has been a great boon for many countries and, in general, has been more beneficial for the world than not. However, there are both costs and benefits associated with international trade. Present and discuss three advantages of international trade and three disadvantages of international trade.Discuss different types of market systems and the gains thatcan be made from trade and apply the concepts of opportunity cost and marginal analysis to make decisions.Are there any obstacles to development in developing countriesand ways to address those obstacles? Describehow supply, demand, and other forcesinfluence internationaltrade.
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