国贸理论与政策he standard trade model参考.pptVIP

Copyright by Qian Xuefeng Ch6. The Standard Trade Model * Ch6. The Standard Trade Model PPF with increasing costs Community indifference curves Equilibrium in isolation The basis for and the gains from trade with increasing costs Trade based on differences in tastes * PPF with increasing costs Increasing Opportunity Costs : the nation must give up more and more of one commodity to release just enough resources to produce each additional unit of another commodity. Marginal Rate of Transformation (MRT): refers to the amount of Y that a nation must give up to produce each additional unit of X.