ECO 212 Week 5 Individual Assignment International Trade Change Analysis
Instructions: "Gains from Trade" is the term that economists give to international trade. However, there are many economists that believe that the United States has been put in a 'lose' situation when it comes to international trade. Write a 1,275-word analysis of the following:
- Research international trade implementations in United States history.
- Explain, in your opinion and research, what changes you would implement so that international trade is 'balanced' and that the United States wins more.
- Explain your rationale for the new implementations.
- Predict how this will affect the U.S. economy.
- Integrate both objective and subjective analysis to international trade.
- Integrate at least 3 of following terms: absolute advantage, comparative advantage, foreign exchange rates, gains from trade, unemployment, employment, GDP, tariffs, quotas, and/or trade agreements. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
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