Economics Homework Help

International trade issues

1.  If the nations of the world were to suddenly cut off all

trade with one another, what products might you no longer be able to obtain in your country?

Choose one other country (than yours), and identify the products it would need to do without.How would the absence of these goods influence your standard of living, the activities of businesses and the functioning of the governments of your country and the countries in relation with yours.

: Make sure you not only give examples of consumer goods but also of industrial product and services.