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Evaluate non-monetary benefits that open trade has

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Reference no: EM133512545

The success of an economy in effectively employing the four factors of production determines how well that economy performs relative to its potential and relative to other economies.

Question: Address the following:

  • Evaluate non-monetary benefits that open trade has contributed to the world since the end of World War II.
  • Provide at least 2 examples of the above benefits and explain why you believe each is important.
  • Analyze how changes to U.S. trade and tariff policies affected U.S. trade with other nations.

 

Reference no: EM133512545

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