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    Free & Foreign Trades

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    What are the arguments for & against free trade? How does the internet affect foreign trade?

    © BrainMass Inc. brainmass.com March 4, 2021, 7:48 pm ad1c9bdddf

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    There are many arguments for free trade. First, the Ricardian and H.O. models show that the world's economy as a whole will benefit. Second, there are often gains from trade for both partners. For instance, those who export a good are getting a higher profit from that good than they could domestically; those who import a good are paying less for it than they could domestically. It is very possible, and common, that free trade creates what is known as Pareto ...

    Solution Summary

    The Internet as a very powerful tool for international trade is featured.