Problem Set _3b

Problem Set _3b - Econ 181: International Trade Spring 2009...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 181: International Trade Spring 2009 Problem Set #3b (Due Thursday, March 5, 2009) 1. Article Analysis—The Standard Trade Model: Read this article and answer the following questions. David Barboza, “China Says Its Economy Grew by 10.7% in 2006, With Little Inflation”. The New York Times , January 26, 2007. The URL is: = a. The article states growth in the export sector has been one factor contributing to over all growth. How would we represent growth in the export sector and how is it predicted to affect the terms of trade? b. The article states China could face protectionist policies, say tariffs, from other countries. How are protectionist policies predicted to affect China's terms of trade? c. How are protectionist policies from other countries predicted to affect China's relative supply and relative demand? Hint: draw a relative supply-relative demand diagram to help you with the logic. 2.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/13/2009 for the course ECON 181 taught by Professor Kasa during the Spring '07 term at Berkeley.

Page1 / 3

Problem Set _3b - Econ 181: International Trade Spring 2009...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online