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Overall Trade Chapters

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Flashcards on Overall Trade Chapters, created by tsamara19 on 25/09/2015.

Flashcards by tsamara19, updated more than 1 year ago

	Created by tsamara19 over 8 years ago

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Resource summary

Question	Answer
Ricardian Model Image: 4990f14a-05d7-47b7-b073-28e0dfe0197d (image/png)	Productivity - Comparative Advantage 5 relative supply (P & Q) relative demand tangga (wage and labor)
Specific Factors Image: 1b93ad78-c2ab-4c52-8d85-e75c293bc404 (image/png)	Short term distribution income. Trade affect relative supply by relative price. benefit owner of specific whose price increase. mobile factor ambiguous.
Hecksher Ohlin Image: e867a929-aee7-4ae8-9222-011a2e0c9308 (image/png)	difference in resource endowments. trade --> relative price converge. export abundant factor intensively. owner gain. SS(price and wage) and Rybcynski (Q and S)

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