Unit 10: International Trade

Introduction

What’s in This Chapter? Imagine a country that discourages international trade because it believes that trading with other countries leads to a loss of domestic jobs. Similarly, imagine that within this country there are...

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Section 4: Protectionist Arguments and Rebuttals

Arguments to Support Protectionism Five common arguments in support of protectionism are 1. National security. If a product is used in the manufacturing of military goods or other security sensitive products, it may not be wise...

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Section 6: Less-Developed Countries

Economic Conditions in Less-Developed Countries Less-Developed Countries (LDCs), or so-called developing or Third-World Countries, are mostly found in the continents of Africa, South and Central America, and parts of Asia. They...

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Test Your Knowledge!

  Time limit: 0 Quiz-summary 0 of 10 questions completed Questions: 1 2 3 4 5 6 7 8 9 10 Information This is a ten question multiple-choice quiz covering the material in this Unit. I hope you do well! You have already...

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