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10 cards from this deck
Governments remove barriers to international goods/services exchange
Countries produce where they have greatest relative efficiency
Value of next best alternative given up when making a choice
Specialisation allows larger production volumes, lowering unit costs
Selling goods below their true cost of production
New industries struggle to compete with established foreign producers
Access, specialisation, efficiency, scale, competition, innovation
Unemployment, infant industries, dumping, environment, security
Race to bottom: producers avoid pollution controls to gain advantage
Heavy trade dependence creates risks during emergencies/conflicts
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