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What are the three main advantages of international trade? What are some of the disadvantages? In your estimation, does economic freedom through greater trade cause more political and economic freedom, or greater socioeconomic inequality, on balance, in the societies that engage in it?

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Sonal Bahl
Sonal BahlLv10
29 Sep 2019

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Related questions

There are some 200 economic integration agreements in effect around the world already, far more than even a few years ago. Virtually every country is now party to one or more free trade agreements. Supporters argue that free trade is good for nations.

  1. What is the basis for their support? That is, what are the specific benefits that countries seek by joining an economic bloc?
  2. What is the main economic bloc for your country?
  3. From your perspective, what advantages has bloc membership brought to your country?
  4. What disadvantages has bloc membership produced?

pick all that apply to which statements correctly describes Controls and Freedom.

1 When government taxes income, it reduces economic freedom.
2 In the past 50 years, the expanding role of government is evidence of the movement toward a centrally controlled economy.

3 None of the answers are correct.
4Government taxes and controls more than 40% of the economy. That means it takes away 40% of people's income and spends it on what government chooses rather than on what individuals choose.

5When government taxes corporate profits, it reduces economic freedom.
6When government outlaws birth control, it reduces economic freedom.
7 When the government outlaws the sale, distribution, and consumption of marijuana, it reduces economic freedom.
8 In the past 50 years, the U.S. has moved away from a purely free market economy and moved toward a centrally controlled economy.

Although written in 1968, The Tragedy of the Commons, by Garrett Hardin applies to many of the economic, political, and social struggles we are experiencing today like the debates about health care reform, deficit spending and the debt, tax reform, immigration, etc. In a short essay, explain what Hardin means by the following quotes. It is one of the peculiarities of the warfare between reform and the status quo that it is thoughtlessly governed by a double standard. Freedom is the recognition of necessity. In particular, what is the double standard and what implication does this have on the political economy and how does Hardin interpret the word freedom and what is its implication on the political economy?

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