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International Trade


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IN THIS CHAPTER YOU WILL LEARN:

  1. The graphical model of comparative advantage, specialization, and the gains from trade.


  2. How differences between world prices and domestic prices prompt exports and imports.


  3. How economists analyze the economic effects of tariffs and quotas.


  4. The rebuttals to the most frequently presented arguments for protectionism.










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McConnell Economics 18/e OLCOnline Learning Center

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