Random Fact

Median income for households in the United States fell to $51,017 in 2012 from $51,100 in 2011. Asians had the highest household incomes ($68,600), followed by whites ($57,000), Hispanics, ($39,000), and African Americans (33,300) (www.census.gov).

Unit 10: International Trade

Introduction
Section 1: The Case for Free Trade: The Law of Absolute Advantages
Section 2: The Case for Free Trade: The Law of Comparative Advantages
Section 3: Tariffs, Quotas and Other Trade Restrictions
Section 4: Protectionist Arguments and Rebuttals
Section 5: The United States and its Role in International Trade
Section 6: Less-Developed Countries
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