Tag: tariffs

2 pages tagged tariffs.

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Chapter 4: International Trade and Trade Barriers — Economics 101

Free trade creates wealth — but politics keeps building walls in front of it. This chapter covers why voluntary trade is positive-sum, the post-WWII institutions (GATT, WTO, IMF, World Bank) built to keep it open, and the three classic tools countries use to push back: tariffs, quotas, and embargoes.
Chapter 38: GDP — Government Spending and Exports — Economics 101

The G and (X − M) components of GDP: what government counts as spending, why transfer payments don’t, and how exchange rates and interest rates push net exports up or down.