9 Pages

# Midterm 2

Course: ECON 2106, Spring 2007

School: UGA

Word Count: 3950

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Chapter 9: Application:International Trade The story of the textiles industry raises important questions for economic policy: How does international trade affect economic well-being? Who gains and who loses from free trade among countries, and how do the gains compare to the losses? THE DETERMINANTS OF TRADE The steel market is well suited to examining the gains and losses from international trade. Moreover, the...

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