Kaplan University GB 540 unit 6 discussion

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  1. How does trade stimulate long term economic growth? Explain.
  2. Which part of international trade creates more jobs? Is it export or import? Why?
  3. Is it trade deficit or trade surplus that contributes more to economic growth? Why?
  4. Why do countries impose trade restrictions on goods and services they import from other countries? What are the pros and cons of trade protectionism?

 

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