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ECONOMICS CHAPTER 2 ECON 2DO3 Trade and Technology: The Ricardian Model
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ECONOMICS CHAPTER 2 ECON 2DO3 Trade and Technology: The Ricardian Model
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ECONOMICSCHAPTER 2
ECON 2DO3 2
Trade and Technology: 1 Reasons for Trade
The Ricardian Model 2 Ricardian Model
3 Determining the
Pattern of
International Trade
4 Solving for
International
Prices
5 Conclusions
, Where did Shaun
White’s snowboard
come from?
• In 2005 the United States imported
(i.e., purchased from other
countries)
$59 million of snowboards from 20
different countries.
• China exported (i.e., sold to
another country) more than $18
million worth of snowboards to
the United States in 2005 and
,$21 million in 2009.
, Table 2-1 shows that the value of imports to the
United States has fallen in recent years and, in
snowboards at least, has become more focused
on exports from China and Taiwan.
U.S. Imports of Snowboards, 2005 and 2009
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