Explain how and why trade barriers have come down in recent, Business Economics

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Explain how and why trade barriers have come down in recent

1. Explain how and why trade barriers have come down in recent decades.

2. List the reasons why our trade deficit has grown so quickly since the mid-1990s. What can we do to help bring it down?

3. Explain how international trade (exports and imports) affects a nation's output, employment, and income.

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