International Trade (Theory)
Interdependence and the Gains from Trade 1. A Parable for the Modern Economy Only two goods –Meat –Potatoes Only two people –Rancher –Farmer 2.
Chapter Interdependence and the Gains from Trade 3.
ECON5335 - International Economics
Chapter Scarcity and Choice 2. Chapter How People Interact Principle 5: Trade can make everyone better off Trade – Specialization Allows each person/country.
Interdependence and the Gains from Trade
