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[RICARDIAN MODEL OF TRADE] (5 points) In chapter 3, your textbook discusses twenty-six sectors of the economy for both the United States and Great Britain
[RICARDIAN MODEL OF TRADE] (5 points) In chapter 3, your textbook discusses twenty-six sectors of the economy for both the United States and Great Britain post-World War 2. Using the Ricardian model of trade, explain why even though the U.S. was more productive in all twenty-six sectors, Great Britain exported more than the United States in twelve of those sectors.
just talk about it from the Ricardian Model of Trade perspective.
the book is International Economics: Theory & Policy 10th Edition by Krugman, Obstfeld, and Melitz
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