Main challenges of the international trading system
Problem 1: Who gains more from trade when nations are of unequal economic size? Give an example.Problem 2: What are the two main challenges of the international trading system? How have these concerns been negotiated among trading partners?
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What are the two main challenges of the international trading system? How have these concerns been negotiated among trading partners?
Problem: Providing a full explanation for your answers, and using a country of your choice for illustration, discuss which firms are likely to gain and which firms are likely to lose from:
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Consider the annual budget deficit in the United States versus GDP: How does this compare to other industrial economies? What is your opinion on this relationship of the budget deficit to GDP?
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