Review Notes - International Trade
- - Trade Barriers.
- - definitions: quotas and tariffs.
- - Demand and Supply Analysis for both quotas and tariffs.
- - Who wins and who loses for tariffs? Who wins and who
loses for quotas?
- - Exchange rates.
- - Definitions: what is an exchange rate?, appreciation
and depreciation of currency.
- - application to D & S - Why demand foreign currency?
Why supply foreign currency? Graphs (regular D & S
with Q = Q of foreign exchange and P = P of foreign
exchange).
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