(See related pages)
After reading this chapter you should be able to
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Understand why economists generally believe free trade is better than restricted trade. |
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See how trade agreements facilitate the opening of trade and why such agreements are sometimes necessary. |
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Be familiar with NAFTA, CAFTA, GATT, and WTO as trade agreements and institutions. |
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Know some of the thinking on whether trade agreements are working as advertised. |
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Understand the economic and political concerns that free trade agreements generate. |
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Know why the bottom line for most economists is that trade agreements are good policy. |