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International Trade - Coggle Diagram
International Trade
Fundamentals Of International Trade
Comparative advantage
Absolute Advantage and Comparative Advantage
absolute advantage define
The law of comparative advantage
Gains from Trade Based on Comparative Advantage
True Positive Rate
Factors influencing the terms of tade change
The Basis of Comparative Advantage and the Cost of Specialization
The factor endowment
The Heckscher-Ohlin theorem
Exchange Rate
Role of exchange rate
Composition of exchange rate
Factors affecting demand and supply
Protectionism Issues
Protectionism and “Second Best”
Response
Protectionism may cause Companies to Remain Inefficient
Trade barriers
define
forms of trade barriers
Free Trade or Protectionism
Arguments for Free Trade
Arguments for Protectionism
Protection aims