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Unformatted text preview: and, most important, it would help to clean up domestic politics .” Discuss the merits and/or demerits of this statement, by carefully separating out and identifying the economic arguments for free trade.  3. Critically evaluate the “market failure” argument against free trad e, by carefully outlining the justifications for government intervention and the potential problems associated with such an action.  4. Explain how the notion of collective action helps small groups of producers receive prolonged protection from the government at the cost of consumers, who are a much larger group? To what extent then, does trade policy reflect voter preferences? ...
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This note was uploaded on 10/26/2011 for the course ECONOMICS 360 taught by Professor Nicholassly during the Spring '11 term at University of Oregon.
- Spring '11