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Syllabus 4.2
trade protection VID 3: Impact of an Export Subsidy (large exporting country)
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VID 2 Welker: Gains from Trade 8/10 Nice explanation of why trade works
34: Foodie on Comparative advantage
35: Rating 7/10. Foodie on protectionism
Nice introduction to protectionism. |
Dictionary
3.1 - International Trade 1. administrative barriers 2. balance of payments 3. division of labour 4. dumping 5. embargo 6. environmental standards 7. exchange controls 8. free trade 9. health and safety standards 10. Import licensing 11. ‘infant industry’ 12. quota 13. specialization 14. tariff 15. VER 16. WTO HL Only 1. Comparative advantage 2. Absolute advantage 3. David Ricardo 4. Opportunity cost |
