If you pay attention to many of the products and services that you are using, their origin may not be in United States. For instance, the athletic shoes you wear are probably made in China, Vietnam, or other East Asian country,the fruits and vegetables are likely from Mexico or some South American countries,your casual shirts are probably stitched in Bangladesh, the customer service call to your computer company is probably being routed to India, if you are flying to Europe for Summer vacation then you may be flying on some International airline carrier, etc. The list is endless when it comes to our consumption of foreign made goods and services. Same is true for most foreign residents as well in the sense that they also consume goods and services not made in their respective countries.

We know that one of the principles of economics is that "trade can make everyone better off" andthat the "Comparative advantage is a basis for international trade." Despite this, we have many elected officials all around that world that propagate against international trade.

What is the reason for people all around the world to trade and, at the same time, not support free international trade? Use examples from real world industries and countries that trade.

Answer rating: 100% (QA)

The reason for people around the world to engage in trade while also not supporting free international trade can be attributed to a variety of factors ... View the full answer