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Economists generally agree that free trade helps to improve the overall quality of life in countries that participate. However, disagreements do arise concerning trade agreements. This lesson looks at a disagreement between the US and EU concerning the trade of bananas.
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econedlink, exchange of goods and services, free enterprise system, free market, global trade, international trade agreements, nature of economic systems, trading among countries, trading partners, council for economic education, e.f.6 competition among sellers lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy. compe, econedlink: us and eu go bananas over trade, consumer, economic growth in the us, global competition, reasons for international trade, trade among country
Classroom Considerations
- Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Instructional