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International Trade Chapter 3

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Presentation on theme: "International Trade Chapter 3"— Presentation transcript:

1 International Trade Chapter 3
Robert C. Feenstra and Alan M. Taylor International Trade Second Edition Chapter 3 Gains and Losses from Trade in the Specific-Factors Model Copyright © 2011 by Worth Publishers

2 Figure 3.1 Panel (a) Manufacturing Output - Panel (b) Diminishing Marginal Product of Labor Feenstra and Taylor: International Trade, Second Edition Copyright © 2011 by Worth Publishers

3 Figure 3.2 Production Possibilities Frontier Feenstra and Taylor: International Trade, Second Edition Copyright © 2011 by Worth Publishers

4 Figure 3.3 Increase in the Relative Price of Manufactures Feenstra and Taylor: International Trade, Second Edition Copyright © 2011 by Worth Publishers

5 Figure 3.4 Allocation of Labor between Manufacturing and Agriculture Feenstra and Taylor: International Trade, Second Edition Copyright © 2011 by Worth Publishers

6 Figure 3.5 Increase in the Price of Manufactured Goods Feenstra and Taylor: International Trade, Second Edition Copyright © 2011 by Worth Publishers

7 Figure 3.6 U.S. Manufacturing Sector Employment, 1973–2009 Feenstra and Taylor: International Trade, Second Edition Copyright © 2011 by Worth Publishers

8 Figure 3.7 Real Hourly Earnings of Production Workers Feenstra and Taylor: International Trade, Second Edition Copyright © 2011 by Worth Publishers

9 Table 3.1 Job Losses in Manufacturing and Service Industries, 2005–2009 Feenstra and Taylor: International Trade, Second Edition Copyright © 2011 by Worth Publishers

10 Figure 3.8 World Coffee Market Feenstra and Taylor: International Trade, Second Edition Copyright © 2011 by Worth Publishers


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