Ricardian model of trade and new trade theory models

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Give examples of goods or services you buy in which your preferences are well described by “love of variety” and some examples where your preferences are well described by “ideal varieties”

Contrast the assumptions about firms within an industry: the neoclassical Ricardian model of trade and new trade theory models (i.e. Krugman CES monopolistic competition) In what ways are firms assumed to be similar and in what ways are they assumed to be different?

Reference no: EM13830416

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