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Consider these two hypothetical worlds: World A: You receive 20 units of Good X, while everyone else receives 22. World B: You receive 18 units
Consider these two hypothetical worlds: World A: You receive 20 units of Good X, while everyone else receives 22. World B: You receive 18 units of Good X, while everyone else receives 16. If you would prefer to live in World A, this suggests that to you Good X is most likely
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
