Discuss different trade policies that are currently enacted and if they should be updated in some way. Then create your own policy about an area in the economy is currently not addressed in current trade policies. 

 

2. A country can use all its resources to produce Product A and Product B. If you know the opportunity cost of producing Product A in terms of Product B, how can you quickly determine the cost of Product B in terms of product A? Explain in one to two sentences, using an example.

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Different trade policies that are currently enacted include tariffs quotas subsidies and ... View the full answer