Why Is Dalton, Georgia, the Carpet- Making Capital of the World?
Learning Objective 6.3 Because Catherine Evans Whitener started making bedspreads by hand in Dalton, Georgia, 100 years ago, a multibillion-dollar carpet industry is now located there. Making the Connection • How Countries Gain from International Trade Learning Objective 6.3 Comparative Advantage Over Time: The Rise and Fall—and Rise—of the U.S. Consumer Electronics Industry Once a country has lost its comparative advantage in producing a good, its income will be higher and its economy will be more efficient if it switches from producing the good to importing it. • Government Policies That Restrict International Trade Learning Objective 6.4 Free trade Trade between countries that is without government restrictions. Figure 6-4 The U.S. Market for Ethanol under Autarky • Government Policies That Restrict International Trade Learning Objective 6.4 Figure 6-5 The Effect of Imports on the U.S. Ethanol Market • Government Policies That Restrict International Trade Learning Objective 6.4 Figu
