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S E15: International Trade - Cars from Corn

Think Like An Economist

CHAPTER

Why People Trade?

Country sometimes pass rules that are simply done to limit trade. People only trade when their benefits from the trade exceed the costs. Trade lets us both make more and buy more, so it means more output and lower prices. But some people might get hurt along the way,. We might have national interests, like the rules we want people to play by, or national security concerns that may lead us to put rules around trade.

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