International Trade Policy and Economic Trends
Explore the dynamics of international trade, production, and policy through detailed figures and tables. Learn about comparative advantage, tariff rates, and global economic output over the years. Gain insights into the intricacies of trade relationships between countries and their impact on the global economy.
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Presentation Transcript
Chapter Six: International Trade and Trade Policy
Figure 6.1 Portugals Production Figure 6.1 Portugal s Production- -Possibilities Frontier Possibilities Frontier
Figure 6.2 Englands Production Figure 6.2 England s Production- -Possibilities Frontier Possibilities Frontier
Table 6.1 Production, Exchange, and Consumption of Table 6.1 Production, Exchange, and Consumption of Wine and Cloth Wine and Cloth
Table 6.2 Opportunity Cost and Comparative Advantage Table 6.2 Opportunity Cost and Comparative Advantage
Figure 6.3 Exported Carbon Dioxide Emissions Figure 6.3 Exported Carbon Dioxide Emissions
Figure 6.4 Percentage of World Economic Output Figure 6.4 Percentage of World Economic Output Traded Internationally, 1960 Traded Internationally, 1960- -2015 2015 Source: World Bank, World Development Indicators online database.
Figure 6.5 Exports and Imports as a Percentage of GDP, Figure 6.5 Exports and Imports as a Percentage of GDP, Select Countries, 2015 Select Countries, 2015 Source: World Bank, World Development Indicators online database.
Figure 6.6 Average Tariff Rates, Select Countries, 2015 Figure 6.6 Average Tariff Rates, Select Countries, 2015 Source: World Bank, World Development Indicators online database. Note: Average tariff calculated as a weighted average based on all products.
Figure 6.7 Joint Production Figure 6.7 Joint Production- -Possibilities Frontier for England and Portugal England and Portugal Possibilities Frontier for
Figure 6.8 Efficient and Inefficient Figure 6.8 Efficient and Inefficient Joint Production Possibilities Possibilities Frontiers Joint Production- - Frontiers
