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Ch. 9 - International TradeWorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Microeconomics
Ch. 2 - Introductory Economic Models
Ch. 3 - Supply and Demand
Ch. 4 - Elasticity
Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Floors
Ch. 6 - Introduction to Taxes and Subsidies
Ch. 7 - Externalities
Ch. 8 - The Types of Goods
Ch. 9 - International Trade
Ch. 10 - The Costs of Production
Ch. 11 - Perfect Competition
Ch. 12 - Monopoly
Ch. 13 - Monopolistic Competition
Ch. 14 - Oligopoly
Ch. 15 - Markets for the Factors of Production
Ch. 16 - Income Inequality and Poverty
Ch. 17 - Asymmetric Information, Voting, and Public Choice
Ch. 18 - Consumer Choice and Behavioral Economics
Sections
Exporting and Importing
Sources of Comparative Advantage
Tariffs on Imports
Import Quotas and VERs
Arguments Against International Trade
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Next SectionSources of Comparative Advantage
This lesson will be very IMPORTant... ha... ha...

Concept #1: Autarky

Concept #2: High World Price: Export

Concept #3: Low World Price: Import

Practice: A nation practicing autarky has a domestic price of extremely tight pants that is lower than the world price. If the nation opened up trade,

Next SectionSources of Comparative Advantage