This article explains the effects tariffs have on the country issuing them as well as the recipient country.
This article by Jacob G. Hornberger is an essay in the book, The Case for Free Trade and Open Immigration, edited by Richard M. Ebeling and Jacob G. Hornberger. In it, Hornberger gives a hypothetical view of how life in the United States would be if free trade and unlimited immigration among states did not exist. He uses these hypothetical examples to argue for free trade and less restrictive immigration laws to improve economies and relations between countries.
Communicate and collaborate with others in the workplace more effectively using digital tools. Time to complete: 6-9 hours
Explores some of the factors that affect the cost of resources, such as availability, ease of extraction, and politics.
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Research technology risks and dangers, explore solutions, and create a report to communicate your findings. Time to complete: 2-5 hours
The economy of Liberia was shattered because of its civil war. Read about the current steps that are being taken to rebuild the country and its economy. Information is from the U.S. State Dept. Background Notes.
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.
By the end of this section, you will be able to:
Show the relationship between production costs and comparative advantage
Identify situations of mutually beneficial trade
Identify trade benefits by considering opportunity costs
