Problem
1. Why might the static gains from trade for the developing country differ from those experienced by industrialized countries?
2. How can international trade influence economic development positively over time?
3. The analysis in this book has heretofore indicated that all participating countries gain from international trade. If this is so, why do some observers argue that trade can actually contribute to underdevelopment in LDCs?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.