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Unformatted text preview: 3) Textile companies 4) Farmers in Europe For Group #3 Trade is bad because it is a threat (both companies and their workers are against trade)- Consumers everywhere gain +- Producers of exports gain +- Producers competing with imports lose - - ______________________________________________- + The last two bullets cancel each other out because in the long run exports balance imports for each country Even in the short run exports and imports in the world balance each other out...
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This note was uploaded on 08/30/2010 for the course ECON 151 taught by Professor Harris during the Spring '07 term at University of Delaware.
- Spring '07