Basis for trade; theory of comparative advantage; determination of product and factor prices; gains from international trade; commercial policy and its implications for income distribution; concept of effective protection; market distortions, policy generated distortions and the arguments for tariffs. with a grade of C or better; also taught at Galveston campus Credits 3. 3 Lecture Hours.
Basis for trade; theory of comparative advantage; determination of product and factor prices; gains from international trade; commercial policy and its implications for income distribution; concept of effective protection; market distortions, policy generated distortions and the arguments for tariffs. with a grade of C or better; also taught at Galveston campus Credits 3. 3 Lecture Hours.
