In today's world of globalization, international trade is a vital part of almost all countries' economies. It is important to understand the effect international trade has on us as consumers and society.

1. First, explain what international trade is, and the benefits consumers and countries gain from it. What do you feel you have gained as a consumer?

2. What products do you buy that are made outside of the United States? If we could not import products and services, what would we as a country have to do without? How would consumers adopt?

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1 International trade refers to the exchange of goods services and capital between countries It allo... View the full answer