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Unformatted text preview: European Union and NAFTA. Trade impediment policies- Comparative advantage + specialization + terms of trade = higher standard of living Most favored nation allows a nation to export goods into the U.S. with the lowest tariffs....
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This note was uploaded on 04/12/2008 for the course ECO 1000C taught by Professor Lawrence during the Spring '08 term at St. Johns Duplicate.
- Spring '08
- Comparative Advantage