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INTERNATIONAL TRADE - ECON 4431W Textbook: INTERNATIONAL ECONOMICS by Appleyard and Field (9th edition; McGraw Hill) 2. Define the economics terms listed below. (Your answers

INTERNATIONAL TRADE - ECON 4431W

Textbook: INTERNATIONAL ECONOMICS by Appleyard and Field (9th edition; McGraw Hill)

2. Define the economics terms listed below. (Your answers should be concepts and trade theories explained with diagrams, if needed)

  1. Index of openness
  2. Factor Intensity Reversal
  3. Demand Reversal
  4. Tests of the theory
  5. Trade and Growth

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