Int Econ-Ch05-S2012 International Economics 国际经济学课件教程文件.pptxVIP

CHAPTER F I V EII. Trade Policy:Trade Restrictions: TariffsMovements Away from Free TradeWhile it is generally accepted that free trade best enhances societal welfare, complete free trade is seldom practiced.This situation generates two questions:Why is complete free trade seldom practiced?What are the effects of deviating from free trade?This chapter considers the second question by looking at the effects of employing one common tool of deviating from free trade – the tariff.Movements Away from Free TradeTARIFFThere are other ways to deviate from free trade as well: NONTARIFF BARRIERSMovement