a) What are the main arguments for free trade?

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 5CQQ
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4: The World Trade Organization (WTO) tries to implement worldwide free trade more
and more.
a) What are the main arguments for free trade?
b) Avoiding the official processes of WTO the People's Republic of China is running a
bet with some African countries: giving large credits in money to Africa and expecting
repayment in kind, that means via natural resources partly still to be detected and
found. What do you think of this strategy?
Transcribed Image Text:4: The World Trade Organization (WTO) tries to implement worldwide free trade more and more. a) What are the main arguments for free trade? b) Avoiding the official processes of WTO the People's Republic of China is running a bet with some African countries: giving large credits in money to Africa and expecting repayment in kind, that means via natural resources partly still to be detected and found. What do you think of this strategy?
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