Chapter3InterdependenceandtheGainsfromTrade试题.ppt

Comparative Advantage and Opportunity Costs The original idea of comparative advantage was based on the labor theory of value: We can use the opportunity cost(机会成本) theory to explain comparative advantage 3-* Comparative Advantage and Opportunity Cost (cont.) 如果一国生产某种商品的机会成本较低，则在这种商品上具有比较优势 A country with a comparative advantage in producing a good uses its resources most efficiently when it produces that good compared to producing other goods. A measure of comparative advantage Opportunity Cost (机会成本) Relative Labor Productivity (相对劳动生产率) Relative Production Cost (相对生产成本) 3-* * Suppose