Lecture Issues in economics today - Chapter 14: International trade: Does it jeopardize american jobs?
Lecture Issues in economics today - Chapter 14: International trade: Does it jeopardize american jobs?
In this chapter, you will learn: Name the principal trading partners of the United States and the goods that are most often traded, illustrate how international trade benefits both trading partners, define the principles of absolute and comparative advantage and utilize these definitions to prove the benefits from trade, compare and evaluate the reasons for limiting trade and illustrate the mechanisms for doing so.