Wk 5 Discussion – Benefits of Open Trade [due Day 3] Answer

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Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students or your faculty member. 

 

Due Day 3

Respond to the following in a minimum of 175 words: 

  • Discuss non-monetary benefits open trade has contributed to the world since the end of WWII. Provide at least 2 examples. Why do you think these are important?
  • How have changes to US trade and tariff policies affected US trade with other nations? Consider recent (less than 2 years old) credible news sources to support your response.

 Due Day 7

Reply to at least 2 of your classmates or your faculty member. Be constructive and professional.

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One of the non-monetary benefits of open trade is that it increased the productivity of the countries. In this way, the business sectors of countries are allowed to openly trade, making them more productive in terms of 

This question is taken from Eco 535 – Digital Economy » Winter 2022 » Discussion