Economists usually favor free trade
Problem: Economists usually favor free trade because without it, aggregate output suffers and international trade wars can take place and competition among nations is reduced. Please explain.
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Economists usually favor free trade because without it, aggregate output suffers and international trade wars can take place and competition among nations is reduced. Please explain.
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Please include an analysis of the effect of such trade balance between the economies of China and the U.S., both individually and comparatively. Justify your analysis by using appropriate examples and references.
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