Foreign Trade
Many companies, including governments, trade with other nations. Most government
policies toward
trade have been negative (in an economic sense). They view external
competition as destructive
for it's own economy. Sanctions, such as tariffs, limit the
quantity of goods available and raise
prices beyond the market equilibrium. Contrary to this
view, economists generally view all trade as
positive. Trade forces firms to produce
efficiently and competitively.
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