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AAEC 2305 Fundamentals of Ag Economics - page 4 / 27

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International Trade

International trade is the sale and purchase of goods across  national boundaries.

Unrestricted International Trade – If international trade is not restricted, buyers & sellers in one country may purchase goods (& services) from any other country.

Hence – each buyer and seller has the option to make a transaction either in the domestic market or abroad.

The choice depends on where you can get the higher (lower) price if you are selling (buying)

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