Question: Define and explain three barriers to trade.What effect do these barriers to trade have on domestic consumer surplus?What is the Riccardo Effect in relation to

Define and explain three barriers to trade.What effect do these barriers to trade have on domestic consumer surplus?What is the Riccardo Effect in relation to specialization and exchange?Who benefits from specialization and exchange in terms of domestic andinternational consumers and producers?

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1. Organize and support your main points

3. Move smoothly from point to point

5. Develop a strong introduction, a crucial part of all speeches