1. from international trade, do the gains to the gainers exceed the losses to the losers? explain. 2. does international trade cause unemployment to rise in the u. s.? briefly list five arguments often given to support trade restrictions. overall, what do economists think about these arguments? 3. is it better for the u. s. dollar to appreciate and be strong, or depreciate and be weak? if the u. s. dollar depreciates, what will likely happen to the u. s. trade deficit?

1. From international trade, do the gains to the gainers exceed the losses to the losers?

Yes, in general terms, international trade is benefitial to the world economy. This is because of the concept of comparative advantage: countries specialize in the activities that represent the lowest opportunity cost. In other words, countries do what they do best, export their products, and import those they can't produce well.

2. Does international trade cause unemployment to rise in the U.S.?

Depends on the sector. For example, manufacturing jobs in the Midwest have suffered massive losses because companies have moved those jobs to lower-wages countries such as Mexico, China or Vietnam.

On the other hand, highly complex sectors such as computer engineering have benefited from international trade because U.S. companies dominate the market (Intel, Google, AMD, Apple, etc), sell their products all over the world, and locate the highest paying jobs in the U.S.

Briefly list five arguments often given to support trade restrictions.

3. Is it better for the U.S. dollar to appreciate and be strong, or depreciate and be weak?

Depends on the economic model. If the U.S. wants to become an export-oriented economy, a weak dollar could be good because it would make U.S. goods cheaper. However, a strong dollar can represent a strong economy, and project power.

4. If the U.S. dollar depreciates, what will likely happen to the U.S. trade deficit?

The trade deficit, in theory, should be reduced, because U.S. goods will become cheaper, and the country will export more. However, if U.S. goods were not competitive or wanted abroad, even a very weak dollar would not help reduce the deficit.

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