Economics principles and policy 11e baumol

... accepts that international trade is not the source of the problem but suggests nonetheless that trade policy can provide at least a partial solution 22 5 22 6 PART International Trade Policy Igure ... p 20 0 specific tariff, p 186 terms of trade gain, p 196 voluntary export restraint (VER), p 20 2 Problems Home's demand curve for wheat is D = 100 - 20 P Its supply curve is = 2...

... Chapter What is Economics ? Overview • What is economics?  Definition, scarcity, and choice  The world of economics o Micro vs Macro o Positive vs Normative  Why and how to study economics  The ... Disagreement - over goals and values 13 Why Study Economics • To understand the world better – Global events and personal phenomena • To achieve social change – Understand the...