Chapter Thirteen: Your Nation in the Global Economy presents the concepts of specialization, comparative and absolute advantage, and gains from trade. The history and present situation of the free trade movement is examined. Exchange rates and the balance of payments is highlighted.
		Session 1 – Scarcity of Resources      Session 2 – Comparative Advantage      Session 3 – The Gains from Trade      Session 4 – Free Trade      Session 5 – Exchange Rates

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