Explain arguments that support trade restrictions
Identify and discuss at least two arguments that support trade restrictions and two against trade restrictions. Use at least one example for each argument. Which arguments do you agree with and why?
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Draw the circular flow diagram of income and expenditures. Include the demand sectors C, I, and G; the flow(s) of real goods and services; the flow(s) of income ; and the flow(s) of spending.
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