2 Answered Questions for the topic Comparative Advantage

12/08/20

International Economics - Biased Growth
We're under the standard trade model, we have two goods (X and Y), and two countries that engage in free trade. Each country exports the goods in which it has Comparative Advantage and imports the... more
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Comparative Advantage Microeconomics

04/25/19

Intuition behind Comparative Advantange?
I already read and ask NOT about pp 52-54, *Principles of Microeconomics*, 7 Ed, 2014, by N Gregory Mankiw. I understand such numerical examples that corroborate Comparative Advantage, but how can... more
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