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Trade Specialization and Gains from Trade 2 - 5 Gains from Trade * of 45 Trade Specialization and Gains from Trade A Summary of the Gains from Trade 2 – 1 YOU YOUR NEIGHBOR Apples(in pounds) Cherries(in pounds) Apples(in pounds) Cherries(in pounds) Production and consumption without trade 8 12 9 42 Production with trade 20 0 0 60 Consumption with trade 10 15 10 45 Gains from trade (increased consumption) 2 3 1 3 * of 45 Trade Absolute Advantage Versus Comparative Advantage Absolute advantage (绝对优势) The ability of an individual, firm, or country to produce more of a good or service than c
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