IDENTIFY AND DISCUSS AT LEAST FIVE REASONS WHY INTERNATIONAL TRADE EXISTS AND THE ADVANTAGES AND DISADVANTAGES INTERNATIONAL TRADE.

1. Identify and discuss at least five reasons why international trade exists and the advantages and disadvantages international trade.
2. Discuss and explain the key features of unemployment and how this can impact the society and what costs have to be bared by the government and the society due to unemployment.
3. Identify and discuss with examples the main reasons for inflation in an economy and suggest how and why the government will try to control inflation?

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