Problem
1. What three reasons are often offered in support of trade restrictions?
2. What would happen to the standard of living in the United States if all foreign trade were eliminated?
3. How might a nation's endowment of natural resources, labor, and climate shape the nature of its comparative advantage?
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.