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QUESTION
Explain, when a country decides to Export and when does a country decide to import. Then Explain what are the profits and losses of the U.S.
Explain, when a country decides to Export and when does a country decide to import.
Then Explain what are the profits and losses of the U.S. exporting our own goods abroad?
Explain what are the profits and losses of the U.S. importing goods from abroad?
Lastly What is the difference between FREE vs. FAIR Trade and when should we use either approach.
