Unit 7 Homework

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Oct 28, 2013 (4 years and 2 months ago)

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Macroeconomics
Unit VII
Mr. Casazza

1. Why do countries trade? Why would countries not trade? Discuss specialization,
absolute advantage, comparative advantage, security, infant industry, low wages and
unemployment.
2. Discuss the causes of trade imbalance include: Tariffs, quotas, currency, savings rates,
cost of capital, defense spending, education, growth rate and dumping.