1. After reviewing Identifying Gains and Losses from International Trade: An Exerciserespond to the first exercise question, given there is no trade between the rest of the world and China. Support your response based on the advantages and challenges of participating in international trading.
  2. After reviewing Identifying Gains and Losses from International Trade: An Exercise, respond to the second exercise question, given that China trades with the world freely.  Support your response based on the advantages and challenges of participating in international trading.
  3. After reviewing Identifying Gains and Losses from International Trade: An Exercise, respond to the third question regarding “free trade” and justify your response using at least 2 scholarly resources.
  4. Based on your analysis of the case, identify another industry that had a similar history of trade liberalization by a developing country. Explain how the industry is similar to China’s textile industry. 

  • APA formatting 
  • Plagiarism submission
  • Citation Requirements: Minimum of two scholarly, peer-reviewed source properly cited and referenced.
    • Textbook can be used as a reference in addition to one scholarly, peer-reviewed article.
    • Online sources (e.g., Wikipedia, Investopedia, blogs, smallbus.chron, online magazines) are not scholarly or authoritative sources.
    • Industry-related, authoritative source

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