International Economics: The Ricardian Model of Trade: Part 3 - Trade in the One Factor Model

Transcript

okay so what we need to do now is we need to introduce a foreign sector um into the model and then we'll be able to think about what happens when home and foreign trade with each other so we're going to have let's write up here we've got home and we've got the unit labor requirements for home first for wine and then for cheese and then we've got th... Read More