(Optional) Describe possible outcomes and other important aspects of global trade.

Description should focus on the balance of trade (to avoid surplus and deficit) and include the influence of

• increased competition, which regulates the cost of goods and services
• greater variety of goods and services
• improvement in product quality
• changes in tax revenue due imports and exports and changes in volume of domestic manufacturing
• increased economic interdependence and possible alliances and trade agreements among countries
• increased number of jobs in some countries and increased unemployment in others
• exchange rates
• trade barriers.