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Imports and exports come from the same seven counties

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Q1. Suppose this country Freelandia is open to trade. Although it imports and exports goods and services from more than 150 different nations globally, we find that the bulk of its imports and exports come from the same seven counties. In one paragraph explain some possible reasons why Freelandia is obtaining the majority of its imports and exports from only seven nations as opposed to having them more evenly spread across the 150 nations that it conducts trade with.

Q2. Explain in one para. Graph how protectionist policies impact consumers, producers, workers, and the government.

Reference no: EM131674926

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