31: International Trade Last updated Jan 4, 2021 Save as PDF 30.1: Questions for Debate 31.1: Introduction to International Trade Page ID4571 BoundlessBoundless ( \newcommand{\kernel}{\mathrm{null}\,}\) Topic hierarchy31.1: Introduction to International TradeCountries benefit when they specialize in producing goods for which they have a comparative advantage and engage in trade for other goods.31.2: Gains from TradeExporting is a form of international trade which allows for specialization, but can be difficult depending on the transaction.31.3: The United States in the Global EconomyInternational trade is an integral part of the modern world economy.31.4: Barriers to TradeTariffs are taxes levied on goods entering or exiting a country, and have consequences for both domestic consumers and producers.31.5: Arguments for and Against Protectionist PolicyNational security protectionist arguments pertain to the risk of dependency upon other nations for economic sustainability.