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What is total world production pre-specialisation? (pre-trade) What is total world output post specialization? (once trade is allowed) How did you work it out? Labor
What is total world production pre-specialisation? (pre-trade)
What is total world output post specialization? (once trade is allowed)
How did you work it out?Labor force in each country = 100
Country | Product X | Product Y |
A | 2 | 4 |
B | 3 | 6 |
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
