No one country is self sufficient today, each country needs others for its smooth economic survival and therefore each country needs to go for international trade in order to adjust their economy in the global competition. Make this fact as a base and explain that how this international trade plays its significant role in the economic development of our country? Furthermore, international trade is not free from disadvantages. Explain some of the disadvantages briefly which are linked with international trade.

Q: For international trade, discuss your America’s absolute advantage, comparative advantage, and…

A: International trade (IT) refers to the exchange of goods, commodities, and services between nations.…

Q: According to Figure 1 above, what is the gain or loss to the producers from free trade, compared to…

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Q: Many people will lose or have lost their jobs because of the growth of international trade. So, why,…

A: The answer is as follows:-

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Q: Why do the government sometimes intervene in international trade?

A: We will answer the first question since the exact one was not specified. Please submit a new…

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Q: Explain the main causes for international trade.?

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Q: Discuss the pros and cons of free trade.

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Q: Define protectionism and explain non-tariff barriers to trade. Who are the major beneficiaries and…

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