Tariffs
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Benefits of international trade, including: increased competition, lower prices, greater choice, acquisition of resources, more foreign exchange earnings, access to larger markets, economies of scale, more efficient resource allocation, more efficient production
HL packet and diagram practice SL packet and diagram practice Who are the winners and losers of the integration of the world's economies?
4.1 Benefits of international trade 4.2 Types of trade protection 4.3 Arguments for and against trade control/protection 4.4 Economic integration 4.5 Exchange rates 4.6 Balance of payments
Goals of supply-side policies
Market based policies, including:
Supply side effects of fiscal policies Effectiveness of supply-side policies
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