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Economics
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10 Dec 2018

What are some potential costs of adopting a free trade regime? Doyou think governments should do anything to reduce these costs?What?

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Jean Keeling
Jean KeelingLv2
11 Dec 2018
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Related questions

1. Define unemployment in your own words and provide your thoughts if you feel the unemployment number is an accurate level of true unemployment. Give reasons why or why not.

Describe some of the actions (or policy decisions) that governments can do to reduce the level of unemployment?

3. What trade-off(s) exist with unemployment in the short run and the long run?

4. Do you think one type of unemployment is worse than others and why?

5. What can governments do to assist in reducing this type of unemployment?

Some governments across the Americas are strong supporters of the Free Trade Area of the Americas (FTAA). This is true despite evidence that small companies typically have difficulty competing against large multinationals when their nations take part in regional trading blocs.

1. Do you think the FTAA would improve living standards in small countries (such as Ecuador and Nicaragua) or benefit only the largest nations such as Canada and the United States? Explain.

2. what can national governments do to help small companies compete in large trading blocs like the FTAA?

Do you think governments should step in and help an economy move to potential or are "markets" capable of fixing themselves? Carefully consider the impact of falling prices.

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