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How To - Find Relative Price, Terms of Trade, Welfare
Автор: patrik hultberg
Загружено: 2021-03-26
Просмотров: 580
Описание:
In this video I discuss the main reason for international trade, namely a difference in relative price across countries. I then find a terms of trade that balances world demand and world supply. Finally, I conduct welfare analysis on the move from autarky to free trade.
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