Acoordlng to the theory.I of factor priceequdizetlm, with Increased International tredethe wage gap between
eldﬂed and unsleled woneers In the US should end the wages of meidho won-zen: in Macon shout!
The classroom [i.a. ‘uﬁd-BO} anon-ole of factor moo oquaiizatlon had to do Mm:
Lovl jams bolng bought In Oregon and solo in Japan
Nike shoes being bought in Argentina and sold in Man‘oo
t Dell computers being bwgt'rt In China
[)qu the Great Depresslon the Smoct HaMeyact had the following eﬁects
International trade decreased and protectionist policies decreased
International trade expanded and protectionist policies decreased
; international trade d
Current! I dming
stable, with rates for the most part remaining unchanged
very mlatile, with some years experiencing over a 50% increase in ave
1nl'll'l'mn tampering the dynamlc respanealoan Inaaaealndemand .
- rules will [139 less rapidly mm a quota compared to a similar tarlfl
price wlll rlaa more raplclly wlth a quota aornparad to a elmilstarlﬂ
pn'ce will rise the sa
The followhg ie we fora nation that engages In made.
o ltispoaslblatobom pmduoaandoonsuma beyond itsPPF
it is only possible to consume beyond its PPF
It is only possible to produce beyond its PPF
It is not poasible to pr