Assume that there are many countries capable of producing

Reference no: EM1337003

The Ricardian model and trade

In our treatment of the Ricardian model We have focused on the case of trade involving only two countries. Suppose that there are many countries capable of producing two goods, and that each country has only one factor of production, labor. What could we say about the pattern of production and trade in this case?

Reference no: EM1337003

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