Discussion unit 6 1104 - Macroeconomics BUS 1104 PDF

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Macroeconomics BUS 1104...

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Unit 6: Free Trade or Trade Barriers by Felicia Thomas (Instructor) - Wednesday, 17 June 2020, 9:35 PM There is an ongoing debate about whether free trade is beneficial for the global economy. Choose whether you support free trade or if you prefer trade barriers. Be sure to cite specific facts and figures to support your analysis. Remember that there may be more than one perspective which could be equally valid given the circumstances. Please answer in 150 words or more. Use your own words - please do not copy and paste from a web site. Be sure to reference your sources.

There is an ongoing debate about whether free trade is beneficial for the global economy. Choose whether you support free trade or if you prefer trade barriers. Be sure to cite specific facts and figures to support your analysis. It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system. “These benefits increase as overall trade—exports and imports—increases. Free trade increases access to higher-quality, lower-priced good.” (Donald J. Boudreaux , Nita Ghei 2020). “Free trade enables countries to obtain goods at a cheaper price. This leads to a rise in the standard of living of people of the world. Thus, free trade leads to higher production, higher consumption and higher all-round international prosperity”. (Ritika Muley . 2020). Finally,I support free trade because Free trade has been blessings for global economy over all and for the citizens of every country. Free trade will eventually increase and enable a higher quantity of exports boosting jobs and economic growth. Reference Ritika. Muley . (2020). Arguments for and Against Free Trade: Trade Policy. Retrieved from https://www.economicsdiscussion.net/trade/free-trade/arguments-for-and-against-free-tradetrade-policy/17508 Donald J. Boudreaux , Nita Ghei (2020).The Benefits of Free Trade: Addressing Key Myths: Retrieved from https://www.mercatus.org/publications/trade-and-immigration/benefits-freetrade-addressing-key-myths...