Advantages of International Trade Part II

Advantages of International Trade Part II - Debates on...

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International Trade Debate 1 International Trade Debate Part II Economic Theory ECO/205 May 30, 2009
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International Trade Debate 2 Debates on unrestricted international trade will keep economists busy. There may be several disadvantages and advantages to having unrestricted international trade; however, the advantages are greater than the disadvantages. It would seem logical that having unrestricted international trade would be advantageous to the countries that are involved with the trades. Comparative advantage will explain that international trade can be an endeavor that will be profitable for countries to keep being a part of unrestricted international trade. This is especially true in cases where there is one country, which can produce goods at a lower cost. This would give that country a good advantage in being able to produce these products at a lower cost. Opportunity costs would be a factor that will benefit every country that can skip producing one certain product to produce another lower costing product. Cost, which is comparative, would
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Advantages of International Trade Part II - Debates on...

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