Evaluation of credible economists’ Discussion

Evaluation of credible economists’ Discussion Evaluation of credible economists’ Discussion Wk 6 – Apply: Signature Assignment: International Trade Summary Promoting international trade is not a zero-sum game. It is a win-win proposition; both parties gain from trade. Consider the following: • Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon which the tariffs are levied. • The term “trade deficits” is a misnomer. Every country’s trade is always in balance. • Trade deficits do not mean the US no longer produces anything to export. The US is

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