Book
International Economics
ISBN : 9789811280252
Author : Henry Thompson
Publisher : World Scientific
Year : 2024
Language : English
Type : Book
Description : This text integrates trade theory and open economy macroeconomics with straightforward diagrams and numerous examples. The emphasis is on the gains from competitive trade and the limits of policy. Economics began with the political debate over import tariffs in England. Tariffs lead to net economic losses, except in a few circumstances, and would then lead to retaliation. Consumers and firms importing intermediate inputs lose due to tariffs, as do export industries when
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