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6.1 Learning Outcomes:
Understand why nations trade with each other.
Summarize t
6.1 Learning Outcomes:
Understand why nations trade with each other.
Summarize the different theories explaining trade flows between nations.
6.2 Action Required:
The purpose of this interactive activity is to demonstrate your understanding of the concepts learned lessons by responding to discussion questions.
6.3 Test your Knowledge (Question):
Discuss David Ricardo’s theory of comparative advantage.
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7.1 Learning Outcomes:
Identify the policy instruments used by governments to influence international trade flows.
Understand why governments sometimes intervene in international trade.
7.2 Action Required:
The purpose of this interactive activity is to demonstrate your understanding of the concepts learned lessons by responding to discussion questions.
7.3 Test your Knowledge (Question):
Critically discuss Infant Industry Argument.
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