Monday, January 11, 2016

Economics

Homework due Tuesday, January 12
Economics in Our Times, pp 424 (bottom)-425, 427-428, 431-435


Terms
      tariff
      quota
      what is the impact of tariffs and quotas on the price of imported goods?
      dumping
      five arguments for trade restrictions
      NAFTA
      GATT
      WTO

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