Question
To show how nations can share unequally in the benefits from trade: a) Sketch a figure showing the offer curve of a nation having a
To show how nations can share unequally in the benefits from trade:
a) Sketch a figure showing the offer curve of a nation having a much greater curvature than an offer curve of its trade partner.
b) Which nation gains more from trade, the nation with the offer curve of the greater or the one with the lesser curvature?
c) Can you explain why?
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
