ch03 Labor Productivity and Comparative Advantage The Ricardian Model 国际商务硕士 国际经济学 教学课件.pptVIP

Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model Preview Opportunity costs and comparative advantage A one factor Ricardian model Production possibilities Gains from trade Wages and trade Misconceptions about comparative advantage Transportation costs and non-traded goods Empirical evidence Introduction Theories of why trade occurs can be grouped into three categories: Market size and distance between markets determine how much countries buy and sell. These transactions benefit both buyers and sellers. Differences in labor, labor skills, physical capital, natural r