You work for a consumer organization that seeks to bring about lower prices through increased trade. As you lobby Congress for trade-friendly policies, your boss cautions you to keep in mind that "arguments in favor of free trade whereas arguments against free trade O are supported by economic theory; are often political in nature stem from political interests; are based on economic theory O demonstrate that there are no negative aspects of trade; focus on how trade reduces economic surplus
You work for a consumer organization that seeks to bring about lower prices through increased trade. As you lobby Congress for trade-friendly policies, your boss cautions you to keep in mind that "arguments in favor of free trade whereas arguments against free trade O are supported by economic theory; are often political in nature stem from political interests; are based on economic theory O demonstrate that there are no negative aspects of trade; focus on how trade reduces economic surplus
Chapter18: International Trade And Comparative Advantage
Section: Chapter Questions
Problem 6DQ
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