Slide 1Copyright © 2006 Thomson Learning 9 Application: International Trade Slide 2 Figure 1The Equilibrium without International Trade Copyright © 2004 South-Western Consumer…

Slide 1Copyright©2004 South-Western 9 Application: International Trade Slide 2 Copyright © 2004 South-Western/Thomson Learning What determines whether a country imports…

Slide 1Taxes, Subsidies, and Tariffs: Small Country Udayan Roy http://myweb.liu.edu/~uroy/eco41 Slide 2 The Effects of a Tariff A tariff is a tax on imported goods Tariffs…

Slide 1 Application: International Trade Chapter 9 Slide 2 Export Industries If a country has a comparative advantage in a good or service, the world price will be above…

Slide 1 Copyright © 2011 Cengage Learning 9 Application: International Trade Slide 2 Figure 1 The Equilibrium without International Trade Consumer surplus Producer surplus…

1.99Application: International Trade 2. • What determines whether a country imports or exports a good? 3. • Who gains and who loses from free trade among countries? 4.…