ABSTRACT

Whenever a buyer and a seller come together, each expects to gain something from the other.The same expectation applies to nations that trade with each

completely self-sufficient without incurring undue costs.Therefore, trade becomes a necessary activity, though, in some cases, trade does not always work to the advantage of the nations involved. Virtually all governments feel political pressure when they

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disadvantages are real or imaginary. The benefits of trade, in contrast, are not often stressed, nor are they well communicated to workers and consumers.