Explain the advantages of free trade, International Economics

1. International trade:

(a) Explain the concept of comparative advantage between two countries (use a numerical example to illustrate, and do not use the identical example in the lecture note).

(b) Explain the advantages of free trade.

(c) What are the potential problems (disadvantages) associated with free trade?

Posted Date: 3/20/2013 2:21:06 AM | Location : United States

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