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Then comparative - PowerPoint PPT Presentation

Review

Review. Microeconomics. Macroeconomics. Economy Economics Because of scarcity and opportunity costs we need to take optimal decisions: WHWWW? Who makes the Decisions? HH, Firm, Govt Where do they make these decisions? Market

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362 views • 20 slides

Comparative Advantage and International Trade

Comparative Advantage and International Trade. Why do we trade? How do we trade?. Comparative Advantage. Difference in opportunity costs leads to the notion of comparative advantage . Definition:. A person has a comparative advantage in an activity if she can

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418 views • 15 slides

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Then comparative - PowerPoint PPT Presentation

Review

Comparative Advantage and International Trade