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Examples and Applications of International Trade

What are the Examples and Applications of International Trade?

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1. Unemployment and Productive Inefficiency:

a. Depression

b. Discrimination in the labor market.

2. Tradeoffs and Opportunity Costs

a. Logging and mining versus wilderness.

b. Allocation of tax resources.

3. Shifts of Production Possibilities Curve

a. Technological advances in the U.S.

b. The effects of war.

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