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Limiting trade
Source: EcEdWeb | Type: Lesson
Students learn about various types of trade restrictions and their effects by applying a model to determine who will benefit and who will be hurt by a tariff.
Grades:
Concepts:
- Barriers to Trade
- Barter
- Trade
Standards:
- Economics 1: Scarcity
- Economics 5: Gain from Trade
- Economics 6: Specialization and Trade
- Economics 17: Using Cost/Benefit Analysis to Evaluate Govern
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