F. Free Trade
1. Some countries have tried to achieve faster economic growth by avoiding transacting with the rest of the world.
2. However, we know that trade allows a country to specialize in what it does best and thus consume beyond its production possibilities.
3. When a country trades wheat for steel, it is as well off as it would be if it had developed a new technology for turning wheat into steel.
4. The amount a nation trades is determined not only by government policy but also by geography.