第二章劳动生产率和比较优势李嘉图模型.pptVIP

’Relative Wages(相对工资) Because there are technological differences between the two countries, trade in goods does not make the wages equal across the two countries. A country with absolute advantage in both goods will enjoy a higher wage after trade. 第三十页，共五十页。 This can be illustrated with the help of a numerical example: Assume that PC = $12 and that PW = $12. Therefore, we have PC / PW = 1 as in our previous example. Since Home specializes in cheese after trade, its wage will be (1/aLC)PC = ( 1/1)$12 = $12. Since Foreign specializes in wine after trade, its wage will be (1