The Effects of Trade on Well-Being - Figure 2.4

The table below summarizes the net effects of trade on the welfare of different groups in the rest of the world using the concepts of consumer and producer surplus. Click on an element in the table below to show each effect in the graph above. Click index when you are ready to end this module and return to the Key Graphs index.

Group in R.O.W.Net Effect
of Trade

R.O.W. Consumers

-(j+k) [a loss]

R.O.W. Producers

j+k+n

R.O.W. as a whole

n