Seminar questions
Completion requirements
Answer the following questions in written form:
- Understand why nations trade with each other.
- Summarize the different theories explaining trade flows between nations.
- Recognize why many economists believe that unrestricted free trade between nations will raise the economic welfare of countries that participate in a free trade system.
- Explain the arguments of those who maintain that government can play a proactive role in promoting national competitive advantage in certain industries.