What gives rise to trade, What gives rise to trade and How

What gives rise to trade

Assignment Help Microeconomics

Reference no: EM133630310

Question: Pay special attention to the Specific Factors model of trade

What are the assumptions?

What gives rise to trade?

How is the relative world price determined after trade?

How do you demonstrate gains from trade?

What are the key theorems/principles that result from the model?

Reference no: EM133630310

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