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International Economics (Addison-Wesley Series in Economics) Theory and Policy ( PDFDrive )

Document Outline

  • Bad guy notice
  • BRIEF CONTENTS
  • CONTENTS
    • Part I
    • Part 2
    • Part 3
    • Part 4
  • PREFACE
  • C H A P T E R  1
  • PART I
    • C H A P T E R  2
      • Labor Productivity and Comparative Advantage: The Ricardian Model
      • The Concept of Comparative Advantage
      • One-Factor Economy
        • Production Possibilities
        • Relative Prices and Supply
      • Trade in a One-Factor World
        • COMPARATIVE ADVANTAGE IN PRACTICE: THE CASE OF BABE RUTH
        • Determining the Relative Price after Trade
        • The Gains From Trade
        • A Numerical Example
        • Relative Wages
        • THE LOSSES FROM NON-TRADE
      • Misconceptions About Comparative Advantage
        • Productivity and Competitiveness
        • The Pauper Labor Argument
        • Exploitation
        • DO WAGES REFLECT PRODUCTIVITY?
      • Comparative Advantage with Many Goods
        • Setting Up the Model
        • Relative Wages and Specialization
        • Determining the Relative Wage in the Multigood Model
      • Adding Transport Costs and Nontraded Goods
      • Empirical Evidence on the Ricardian Model
      • Summary
      • Key Terms
      • Problems
      • Further Reading
    • C H A P T E R  3
      • Specific Factors and Income Distribution
      • The Specific Factors Model
        • Assumptions of the Model
        • WHAT IS A SPECIFIC FACTOR?
        • Production Possibilities
        • Prices, Wages, and Labor Allocation
          • An Equal Proportional Change in Prices.
          • A Change in Relative Prices.
        • Relative Prices and the Distribution of Income
      • International Trade in the Specific Factors Model
        • Resources and Relative Supply
        • Trade and Relative Prices
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