1. International Trade Theories INTERNATIONAL TRADE THEORIESMERCANTILISMTHEORY OF ABSOLUTE ADVANTAGETHEORY OF COMPARATIVE ADVANTAGE 2. Mercantilism Thomas mun and others…
Slide 1Protectionism Section 4.2 Slide 2 Outline Protectionism The effect of a tariff on imports The effect of tariffs on social welfare Various protectionist methods Arguments…
Slide 1Canada During the Great Depression Slide 2 Guiding Discussion Questions What were the causes of the Great Depression in Canada? –Compare and contrast the causes…
Slide 1Distant Authority Monetary Policy & the Tariff Slide 2 Todays Agenda Review Distant Authority Slide Show Homework Study for Unit Test (Thursday!!!) Slide 3 Review…
Slide 1 Slide 2 What were the causes of the Great Depression in Canada? Compare and contrast the causes of the Great Depression in Canada with the US To what extent did the…
International Trade Theories Major Trade Theories Mercantilism Absolute advantage- Adam Smith Comparative advantage : Ricardo Factor Endowments Theory:Eli Heckscher and Bertil…
English Colonial Rule Policies of Mercantilism These Policies took many forms: Domestically, governments would provide capital to new industries. Exempt new industries from…
Slide 1THE RISE OF INDUSTRY Slide 2 Vocabulary Gross National Product (GNP): total value of all goods and services produced by a country Laissez-faire: policy that government…