Application International trade Chapter 9 Copyright C 2001 by Harcourt, Inc All rights reserved. Requests for permission to make copies of any part of t work should be mailed to Permissions Department, Harcourt College Publishers 277. Sea Harbor Drive. Orlando Florida 32887-6777 ◎2001 by Harco
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Application: International Trade Chapter 9 Copyright © 2001 by Harcourt, Inc. All rights reserved. Requests for permission to make copies of any part of the work should be mailed to: Permissions Department, Harcourt College Publishers, 6277 Sea Harbor Drive, Orlando, Florida 32887-6777
International Trade What determines whether a country imports or exports a good? Harcourt, Inc. items and derived items copyright o 2001 by Harcourt, Inc
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. International Trade What determines whether a country imports or exports a good?
International Trade Who gains and who loses from free trade among countries? H arc Inc items and derived items copyright o 2001 by Harcourt, Inc
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. International Trade Who gains and who loses from free trade among countries?
International Trade What are the arguments that people use to advocate trade restrictions? H arc Inc items and derived items copyright o 2001 by Harcourt, Inc
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. International Trade What are the arguments that people use to advocate trade restrictions?
Equilibrium Without Trade Assume A country is isolated from rest of the world and produces steel o The market for steel consists of the buyers and sellers in the country No one in the country is allowed to import or export steel. H arc Inc items and derived items copyright o 2001 by Harcourt, Inc
Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Equilibrium Without Trade Assume: uA country is isolated from rest of the world and produces steel. uThe market for steel consists of the buyers and sellers in the country. uNo one in the country is allowed to import or export steel