Thursday, January 31, 2008
Welfare analysis of free trade
In section tonight and tomorrow you'll go over the effects of trade and of tariffs. There are a few articles you might want to read up on before section. First, check out this post on the Aplia Econ Blog that describes the effects of free trade and tariffs on a small American town. Second, you might read this article from CNN on the steel tariffs President Bush imposed a few years back. When you're talking about the welfare effects of international trade and trade restrictions, keep these examples in mind...
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