The Economic Commission for Latin America and the Caribbean (ECLAC) says the region’s foreign trade in 2020 had its worst performance since the global financial crisis of 2008-2009, because of the economic crisis prompted by the global COVID-19 pandemic and the restrictions imposed by governments to stop its spread. (Daily Gleaner, dated September 27, 2021)   List and explain three (3) benefits of international trade.

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Q: Why do the government sometimes intervene in international trade?

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A: Answer -

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