O'Reilly logo

A Primer on Macroeconomics by Thomas Beveridge

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 8

The International Sector

Trade and Finance

By the end of this chapter you will be able to:

1. Use comparative advantage to show how countries can gain from specialization and trade.

2. Given a particular two-country, two-good situation, determine which country will trade which good and indicate the feasible range for the terms of trade.

3. Given a particular two-country, two-good situation, and specific terms of trade, use consumption possibility frontiers to demonstrate that trade can be beneficial.

4. Evaluate common arguments in favor of trade restrictions.

5. Distinguish between a quota and a tariff.

6. Use demand and supply analysis to outline the costs involved in the imposition of a tariff.

7. Use demand and supply analysis ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required