The title of the recent news was Cannibalism in Colonial America comes to life.
Contents of this article are Skeletal remains of a Jamestown teen show signs of
cannibalism in colonial America, new data show. The girls skull provides the first
Import Tariffs and Quotas
under Perfect Competition
1. The following questions refer to Side Bar: Key Provisions of the GATT.
a. If the United States applies a tariff to a particular product (e. g. , steel) imported
from one country, what is the implica
Increasing Returns to Scale
and Monopolistic Competition
1. Explain how increasing returns to scale in production can be a basis for trade.
Answer: With increasing returns to scale, countries benet from trade due to the potential to reduce their average
At the beginning of the chapter there is a brief quotation from David
Ricardo, and here is a longer version of what Ricardo wrote:
England may be so circumstanced, that to produce the cloth may require
the labour of 10
Trade and Technology:
The Ricardian Model
Notes to Instructor
Chapter 2 leads Part II on Patterns of International Trade by introducing the
Ricardian model. The three key lessons of the Ricardian model are (1) comparative advantage deter