Random Fact

In 2014, Indonesia had a population of 256 million people, a labor force of 124.3 million people, and an unemployment rate of 5.7%. Its 2014 per capita GDP was $10,200, and real GDP growth rate was 5% (CIA World Fact Book).

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
Test Your Knowledge!