... for it by selling wine to the British. Less obviously, even a country that is not the best in the world at making anything can benefit from free trade because it allows them to devote their resources to whatever it is that they are relatively good at and buy in everything else. Imagine a person deciding whether to spend an hour growing rice ... of business because foreign products are temporarily cheaper, rather than fundamentally better, or because export prices are temporarily low. Buying products from overseas can also create vulnerabilities: consider if foreign suppliers acquired a ...

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• Grade Level: Graduate