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Comparative Advantage&

Protectionism

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American Production Data

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Figure 15-1

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Comparative Advantage Illustrated

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Figure 15-2

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America before and after Trade

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Figure 15-3

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Free Trade Allows the orld to

!ove to Its Production"Possibilit#

Frontier

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Figure 15-4

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ith !an# Commodities$ There Is a

%pectrum of Comparative

Advantages

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Figure 15-5

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Triangular Trade enefits All

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Figure 15-6

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American Production$ Imports$ and

Consumption with Free Trade

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Figure 15-7

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'ffect of a Tariff

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Figure 15-8

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'conomic Cost of a Tariff

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Figure 15-9

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America as (istoricall#

a (igh"Tariff )ation

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Figure 15-10

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Chapter 15

Table 15-1

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Chapter 15

Table 15-2

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Chapter 15

Table 15-3