International trade is good countries because it allows then the freedom to choose the products that desire and increases wealth in the economy. Trade is voluntary. Free trade is beneficial to the economy. Listed below are several reasons for this.
• Infant Industries
o Free trade spurs competition which increases the incentive for business to be efficient in their use of resources.
• Job Protection
o Free trade lessens the potential for other countries to erect trade barriers in retaliation to our trade barriers. When other countries put trade restrictions in place this harms US businesses and results in job losses.
o Investor business daily reported, "And among developed nations, the Harvard study found GDP among those with open policies during the same 20 year period grew an average of 2.3 percent annually -- contrasted to growth of only 0.7 percent annually among those with restrictive policies."
• Standard of Living
o US businesses can produce products effectively and......

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Title: International Trade
Approximate Word Count: 369
Approximate Pages: 2 (250 words per double-spaced page)

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