Homework chapter 3

Homework chapter 3 - would bring the best outcome for the...

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Steven McCarthy International Relations Due Mon.01 Chapter 3 Homework 1.) David Ricardo view of world trade was that even if one country  had absolute advantage of all the goods that that country produces, two  countries can be beneficial by comparative advantages, by exporting their  countries comparative advantage good and importing their comparative  disadvantage good or product. 2.) Adam Smith’s view of world trade was that of a laissez faire idea  and keeping the government out of business. And that the market alone 
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Unformatted text preview: would bring the best outcome for the people and the economy. This type of view is one of capitalism and democracy as to the view of mercantilism. 3.) Karl Marx view of world trade was that the Government should control and own all of the property. So all of the rewards of the selling of the good produced would be distributed by the government back to the workers....
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