04854. THE ECONOMIC EFFECTS OF COMPETITIVE TRADE. The impact of factor prices, tastes, barriers to trade and differing levels of technology on the economic effects of competition in international trade are considered. The law of comparative advantage and the curves of production possibilities and consumer indifference are looked at in detail, and price lines for optimum production are shown. A good technical discussion of the effects of international trade. 9 pages, 5 footnotes, 2 bibliographic sources. Includes graphs.