ECO 201
Module 4 - Course Objectives

International Trade

19.1  Describe the patterns and trends in international trade.

19.2  Explain why nations engage in international trade and why trade benefits all nations.

19.3  Explain how trade barriers reduce international trade.

19.4 Explain the arguments used to justify trade barriers and show why they are incorrect but also why some barriers are hard to remove.

Assessment  Method

A.  Do the Self-Test questions in your Study Guide as if they were real exam questions, which means do them without looking at the answers. 

B.  You will learn the most from right answers you had to struggle for, and from your wrong answers and mistakes.  Only after you have attempted all the questions should you look at the answers in your Study Guide. 

C.  When you check your answers, be sure to understand where you went wrong and why the right answer is correct.

Take Self-Test 19.1, and Self-Test 19.2, and Self-Test 19.3, and Self-Test 19.4 in your Study Guide before taking Exam #1.