Explain the following facts about trade based from your own understanding. Limit your response in not more than 50 words for each. Less tariffs means greater trade. There is no need for trade wars. Trade brings prices down. More trade means more choices. Innovation fuels trade. Trade fights poverty.

Explain the following facts about trade based from your own understanding. Limit your response in not more than 50 words for each. Less tariffs means greater trade. There is no need for trade wars. Trade brings prices down. More trade means more choices. Innovation fuels trade. Trade fights poverty.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter28: International Trade

Section: Chapter Questions

Problem 5P

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Explain the following facts about trade based from your own understanding. Limit your response in not more than 50 words for each.

Less tariffs means greater trade.
There is no need for trade wars.
Trade brings prices down.
More trade means more choices.
Innovation fuels trade.
Trade fights poverty.

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