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Chapter 5 - Coggle Diagram
Chapter 5
Free trade
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Basic questions emerge regarding whether free trade should be encouraged and if it hurts local citizens by leading to the loss of jobs.
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Integration
Integration refers to the process of using agreements between countries to lower limits on the movements of products, capital, or labor.
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Protectionism
Protectionism refers to the desire to protect domestic businesses from the exports of foreign firms through governmental policy.
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