Overall Trade Chapters

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Flashcards on Overall Trade Chapters, created by tsamara19 on 25/09/2015.
tsamara19
Flashcards by tsamara19, updated more than 1 year ago
tsamara19
Created by tsamara19 about 9 years ago
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Question Answer
Ricardian Model Productivity - Comparative Advantage 5 relative supply (P & Q) relative demand tangga (wage and labor)
Specific Factors Short term distribution income. Trade affect relative supply by relative price. benefit owner of specific whose price increase. mobile factor ambiguous.
Hecksher Ohlin difference in resource endowments. trade --> relative price converge. export abundant factor intensively. owner gain. SS(price and wage) and Rybcynski (Q and S)
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