The Ricardian model. Production possibilities are determined by the allocation of a single resource, labor, between sectors.
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The Ricardian model. Production possibilities are determined by the allocation of a single resource, labor, between sectors. This model conveys the essential idea of comparative advantage but does not allow us to talk about the distribution of income. LO.1
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Related Book For 
International Trade Theory And Policy
ISBN: 978-1292417233
12th Global Edition
Authors: Paul Krugman ,Maurice Obstfeld ,Marc Melitz
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