I’m studying for my Economics class and don’t understand how to answer this. Can you help me study?
Don’t forget to do the homework questions:
“Why Cuba would like to trade with US?
Why wouldn’t Cuba afraid of trade deficit that they will have if they open to trade?”
(Short answer one or two paragraph or bullet points, hand-writing in your own notebook would be more than enough).
These lecture video should help with your homework.
1. Who does free trade help? Who does it hurt? And does it destroy jobs? (2 mins)
2. Arguments Against International Trade
In this 14 mins lecture you will learn, for example, how trade can create unemployment and employment at the same time.
3. “Trade Is Made of Win,”
In this 2 mins 3 parts video you will learn, for example, the misconception that trade is wasting more resources.
4. Absolute advantage and Comparative advantage
Reference to the homework questions: https://www.reuters.com/article/us-cuba-usa/cubas-…