Discuss the Benefits of Free Trade Among Nations

Discuss the Benefits of Free Trade Among Nations

Business Discussion

Section 1

Determine whether the following statements are True, False or uncertain. Give a short explanation for your answer.

1) Nations have always traded with each other?

2) Trade makes everyone better off?

3) Nations trade because they have an absolute advantage?

4) Exports are always equal to imports?

5) Trade can lead to economies of scale?

Section 2 : Answer these questions shortly

1) Explain what conditions will lead to nations trading with each other.

2) Discuss the benefits of free trade among nations.

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