ch04 Resources, Comparative Advantage, and Income Distribution 国际商务硕士 国际经济学 教学课件.pptVIP

Chapter 4 Resources, Comparative Advantage, and Income Distribution Preview Production possibilities Relationship among output prices, input (factor) prices, and levels of inputs Relationship among output prices, input prices, levels of inputs, and levels of output. Trade in the Heckscher-Ohlin model Factor price equalization Income distribution and income inequality Empirical evidence Introduction While trade is partly explained by differences in labor productivity, it also can be explained by differences in resources across countries. The Heckscher-Ohlin theory argues that differences in