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Chapter 15
Comparative Advantage and
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 World to Move to
Its Production-Possibility Frontier
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Figure 15-4
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With Many Commodities,There Is a
Spectrum of Comparative Advantages
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Figure 15-5
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Triangular Trade Benefits 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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Effect of a Tariff
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Figure 15-8
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Economic Cost of a Tariff
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Figure 15-9
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America Was Historically
a High-Tariff Nation
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Figure 15-10