Unrestricted Use
CC BY
- Subject:
- Arts and Humanities
- Material Type:
- Full Course
- Provider:
- Rice University
- Provider Set:
- Openstax College
- Date Added:
- 01/06/2016
By the end of this section, you will be able to:
Discuss how international trade influences the job market
Analyze the opportunity cost of protectionism
Explain how international trade impacts wages, labor standards, and working conditions
By the end of this section, you will be able to:
Explain protectionism and its three main forms
Analyze protectionism through concepts of demand and supply, noting its effects on equilibrium
Calculate the effects of trade barriers