The Myth of Free Trade a.  How did the repeal of the Corn la…

Questions

The Myth оf Free Trаde а.  Hоw did the repeаl оf the Corn laws in 19th century Britain exemplify  a victory for "free trade"?   b.  Chang says there is a glaring hole in the creation myth of free trade.  What does he mean by that?  Why is this simplistic idea of specialization based on comparative advantage problematic?   c.   Since 1995, international trade has been regulated by the World Trade Organization (WTO).  Is this a good thing for all countries?  Explain with evidence from Chang's chapter on Beef.  Guidance:  You will want to use and define terms such as WTO, free trade, comparative and absolute advantage, tariffs, exports, imports in your answer.  You will want to answer each part in, at minimum 2 paragraphs

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