Discuss the pros and cons of international trade. In the 2016 presidential campaign, Donald Trump said...

Discuss the pros and cons of international trade.

In the 2016 presidential campaign, Donald Trump said that the United States should reconsider its trade agreements, including the North American Free Trade Agreement (NAFTA).

To complete the Discussion activity, write a post that answers the following questions:

Find out why President Trump proposed renegotiating NAFTA. Provide two arguments for doing so.
- Analyze these arguments using the concepts of absolute advantage, opportunity cost, and comparative advantage.
- Do you think comparative advantage and absolute advantage are the best reasons for seeking trade with others? Why or why not?

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Expert Solution

The explanation of the above question mentioned in below image

Rahul Sunny answered 1 year ago

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