12: International Trade
- Page ID
- 51381
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- 12.1: Introduction to International Trade
- Countries benefit when they specialize in producing goods for which they have a comparative advantage and engage in trade for other goods.
- 12.2: Gains from Trade
- Exporting is a form of international trade which allows for specialization, but can be difficult depending on the transaction.
- 12.3: The United States in the Global Economy
- International trade is an integral part of the modern world economy.
- 12.4: Barriers to Trade
- Tariffs are taxes levied on goods entering or exiting a country, and have consequences for both domestic consumers and producers.
- 12.5: Arguments for and Against Protectionist Policy
- National security protectionist arguments pertain to the risk of dependency upon other nations for economic sustainability.