Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 33, Problem 7SCQ

If the removal of trade banters is so beneficial to international economic growth, why would a nation continue to restrict trade on some imported or exported products?

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If the removal of trade barriers is so beneficial to international economic growth,why would a nation continue to restrict trade on some imported or exported products?
Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower trade imbalances, or is the pattern unpredictable?
Why has trade grown much faster than GDP for almost all countries since 1950? Give 3 reasons

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Principles of Economics 2e

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