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Should America encourage free trade with its trading partners or seek a more protectionist approach? Take...

Should America encourage free trade with its trading partners or seek a more protectionist approach? Take a stand on this issue. It is not enough to argue BOTH sides of the issue. Support your opinion with good economic reasoning. Who benefits from your approach and who loses? Why?

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Expert Solution

If america encorages free change amoung the trade partners it improves the prosperity of the united states and all nations allow the shoppers to buy more, and excessive satisfactory products at low fee price. It will increase the effectivity and new improvements amoung the economy so it need to be very useful for the increase of the economy. The america has free trade amd consent between 20 countries. The us also have the Bilateral funding Treaties that would helo the private investment and helps to develop market oriented strategies. The predominant advantage of the free trade is that if a certain product is only reachable for the domestic united states and it reduces the giant scale production of that unique product. It also increases the world production. The industry have a considerable growth in their enterprise due to the free change strategy that helps to increase the GDP rate in the economy.

Rahul Sunny answered 2 years ago
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