Copyright©2004 South-Western 9 Application: International Trade Application: International Trade.

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Copyright©2004 South-Western 9 Application: International Trade Application: International Trade

Copyright©2004 South-Western Figure 1 The Equilibrium without International Trade

Copyright©2004 South-Western Figure 2 International Trade in an Exporting Country

Copyright©2004 South-Western Figure 3 How Free Trade Affects Welfare in an Exporting Country

Copyright©2004 South-Western Figure 4 International Trade in an Importing Country

Copyright©2004 South-Western Figure 5 How Free Trade Affects Welfare in an Importing Country

Copyright©2004 South-Western Figure 6 The Effects of a Tariff

Copyright©2004 South-Western Figure 7 The Effects of an Import Quota

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