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Learning Objectives
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In this chapter you will learn:
  • Some key facts about U.S. international trade.
  • About comparative advantage, specialization, and international trade.
  • How exchange rates are determined in currency markets.
  • How and why government sometimes interferes with free international trade.
  • The role played by free-trade zones and the World Trade Organization (WTO) in promoting international trade.







McConnell, Macro 17e OLCOnline Learning Center

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