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Labor abundant country - PowerPoint PPT Presentation

Chapter 5 Who gains and who loses from trade?

Chapter 5 Who gains and who loses from trade?. Also will look at Appendix B. Link to syllabus. Figure 5.1 page 71 How free trade affects income distribution. Figure 5.2 page 72 Effects of Free Trade: Short run versus Long Run. Stolper Samuelson Theorem (p. 72).

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Some Practical Questions

Some Practical Questions. 1. Is there such a thing called complete specialization?. Some Practical Questions. 2. Is the North-South volume of trade flow larger than that of the North-North flow?. Some Practical Questions. 3.

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Labor abundant country - PowerPoint PPT Presentation

Chapter 5 Who gains and who loses from trade?

Some Practical Questions