Top Banner
Copyright©2004 South-Western 9 9 Application: International Trade
8

Copyright©2004 South-Western 9 Application: International Trade Application: International Trade.

Dec 21, 2015

Download

Documents

Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: Copyright©2004 South-Western 9 Application: International Trade Application: International Trade.

Copyright©2004 South-Western

99Application:

International Trade

Page 2: Copyright©2004 South-Western 9 Application: International Trade Application: International Trade.

Copyright©2004 South-Western

Figure 1 The Equilibrium without International Trade

Page 3: Copyright©2004 South-Western 9 Application: International Trade Application: International Trade.

Copyright©2004 South-Western

Figure 2 International Trade in an Exporting Country

Page 4: Copyright©2004 South-Western 9 Application: International Trade Application: International Trade.

Copyright©2004 South-Western

Figure 3 How Free Trade Affects Welfare in an Exporting Country

Page 5: Copyright©2004 South-Western 9 Application: International Trade Application: International Trade.

Copyright©2004 South-Western

Figure 4 International Trade in an Importing Country

Page 6: Copyright©2004 South-Western 9 Application: International Trade Application: International Trade.

Copyright©2004 South-Western

Figure 5 How Free Trade Affects Welfare in an Importing Country

Page 7: Copyright©2004 South-Western 9 Application: International Trade Application: International Trade.

Copyright©2004 South-Western

Figure 6 The Effects of a Tariff

Page 8: Copyright©2004 South-Western 9 Application: International Trade Application: International Trade.

Copyright©2004 South-Western

Figure 7 The Effects of an Import Quota