Flashcards
Overall Trade Chapters
Cards in this deck (4)
- 1Ricardian ModelProductivity - Comparative Advantage
5 relative supply (P & Q)
relative demand tangga (wage and labor) - 2Specific FactorsShort term distribution income.
Trade affect relative supply by relative price.
benefit owner of specific whose price increase.
mobile factor ambiguous.
- 3Hecksher Ohlindifference in resource endowments.
trade --> relative price converge.
export abundant factor intensively. owner gain.
SS(price and wage) and Rybcynski (Q and S)
- 4—
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- Flashcards on Overall Trade Chapters, created by tsamara19 on 25/09/2015.
- Created by
- tsamara19 · Sep 2015
- Updated
- Feb 19, 2016
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