Chapter 2: Comparative Advantage and the Standard Trade Model
References and Attributions
References
Carbaugh, R.J. (2015). International economics, (15th ed.). Cengage Learning.
Frost, J. (n.d.). Spurious correlation: Definition, examples, and detecting. Statistics by Jim. https://statisticsbyjim.com/basics/spurious-correlation/
McEachern, W. A. (2017). Macroeconomics: A contemporary introduction, (11thed.). Cengage Learning.
Pugel, T. A. (2020). International economics, (17th ed.). McGraw-Hill.
Attributions
Figure 2.1: The Scientific Method reuses Figure 1.18 in “1.2 The Process of Science” from Concepts of Biology by OpenStax – Rice University, licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted. Access for free on the OpenStax website.
“Did You Know? Adam Smith” is adapted from “Adam Smith” in Unit 1: Industrialization and Theories of Economic Change, HIST363: Global Perspectives on Industrialization published by Saylor Academy under a CC BY 3.0 Unported license.
“Did You Know? David Ricardo” is adapted “33.1 Absolute and Comparative Advantage” in Principles of Economics 3e by OpenStax – Rice University and is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.