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- 2023-09-07 发布于上海
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CHAPTER 2
LABOR PRODUCTIVITY AND COMPARATIVE ADVANTAGE: THE
RICARDIAN MODEL
Chapter Organization
The Concept of Comparative Advantage
A One-Factor Economy
Production Possibilities
Relative Prices and Supply
Trade in a One-Factor World
Box: Comparative Advantage in Practice: The Case of Babe Ruth
Determining the Relative Price After Trade
The Gains from Trade
A Numerical Example
Box: The Losses from Non-Trade
Relative Wages
Misconceptions About Comparative Advantage
Productivity and Competitiveness
The Pauper
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