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International Trade
About this Free Flashcard Deck
Last update by
echsscholar07
on 01/16/2011
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International Trade
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Flashcard Deck Tags
Final Exam Review
,
Boll Final IVWL 2
,
International Trade
Flashcard Review
24
if absolute production costs differ ...
25
cost differences mainly concern?
26
Ricardos theorem of comparative ...
27
deriving the frontier of production ...
28
under the assumptions of perfect ...
29
in autarky, market exchange ratios in ...
30
relative price=
31
marginal rate of transformation
32
nominal wage rate
33
relative price variable
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Free Flashcard From International Trade
Question:
if absolute production costs differ between to producing units?
Answer:
each unit can achieve advantages through specialization