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Micro 2.9 Trade and Tariffs
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Күн бұрынThis video covers topic 2.9 of the AP Microeconomics Course Exam Description (CED). This video is all international markets, foreign trade, tariffs, and quotas. The video is graph centric so make sure you understand everything else in this unit first.
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I would like to acknowlege the work of Dick Brunelle and Steven Reff from Reffonomics.com who’s work inspired many of the review games on ReviewEcon.com. I would also like to thank Francis McMann, James Chasey, and Steven Reff who taught me how to be an effective AP Economics teacher at AP summer institutes; as well as the countless high school teachers, and college professors from the AP readings, economics facebook groups, and #econtwitter.
@trushankjadhav1050 9 ай бұрын
Very helpful 👌
@ReviewEcon 9 ай бұрын
I'm so glad!! Good luck with your studies!
@eldarmoldabergenov7869 8 ай бұрын
The best video you can get to understand international trade!Thank you very much!So clear and well-explained
@ReviewEcon 8 ай бұрын
You're too kind. Thank you and you're very welcome!
@vivekmalik5541 10 ай бұрын
Helpful video! Though I didn't get quotas clearly
@ReviewEcon 10 ай бұрын
I cover it at a very surface level because that's all that's needed on the AP micro exam. Here's more details if you need them. kzfaq.info/get/bejne/fdJ-iq19ltXMgqc.htmlsi=ALOmclih4f_jtTy_
@vivekmalik5541 10 ай бұрын
@@ReviewEcon thanks ...yeah just saw it It's written that drawing there graph is excluded... So we just need to comprehend:)
@user-yk6hw5hj1g 10 ай бұрын
Very helpful. Thank you!
@ReviewEcon 10 ай бұрын
You're very welcome!
@Mouath99 3 ай бұрын
Hello i have a question but i need to show you the picture how can i show you?
@ReviewEcon 3 ай бұрын
You can contact me through any game page on ReviewEcon.com. Click report error. There is a screenshot upload as part of that contact form. 😄
@Mouath99 3 ай бұрын
@@ReviewEcon I can’t find it but anyway i will try to explain When we have a tariff the consumer surplus will be under or above the tariff because in the college board video they showed two graphs one is above the tariff and one under the tariff but the one which is under tariff the question was asking about the change in consumer surplus
@ReviewEcon 3 ай бұрын
When the world price is above the domestic price, the economy will export the goods and producer surplus will be really large. When the world price is below the domestic price, the economy will import the goods and consumer surplus will be really really large. Did I answer your question?
@Mouath99 3 ай бұрын
@@ReviewEcon i tried to send the picture through reporting but it says the size of the photo is large
@Mouath99 3 ай бұрын
Never mind i have sent the picture you can check it
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