Convergence of Relative Prices

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  • Опубліковано 12 гру 2024

КОМЕНТАРІ • 4

  • @muskduh
    @muskduh 2 роки тому

    Thanks for the review

  • @sandeepkoirala5601
    @sandeepkoirala5601 6 років тому +2

    what if the equilibrium relative price is more close to Home's domestic(autarkic) price ration ? how is the gains from trade affected?

  • @paolotardini4874
    @paolotardini4874 7 років тому +2

    Nice video! One question: why does home country export cloth to foreign country in the first place? And why does foreign country ship food to home country?

    • @guypascale2300
      @guypascale2300  7 років тому

      Generally, countries specialize in the commodity with which they have the comparative advantage.