Chapter 2: Comparative Advantage and the Standard Trade Model

Introduction

2.1 The Importance of Economic Theories and Models

2.2 Comparing Absolute Advantage with Comparative Advantage

2.3 Benefits from Trade: Production Possibilities Frontier Under Constant and Increasing Costs

2.4 Production and Consumption, Before and After Trade

Summary

License

Icon for the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License

International Trade and Finance, Part 1 Copyright © 2024 by Kenrick H. Jordan is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

Share This Book