What you have learn about distribution of benefits of trade

Reference no: EM131917770

Problem

1. How can a country gain from trade if it is unable to change its production pattern?

2. During the debate prior to the passage of the North American Free Trade Agreement (NAFTA), opponents argued that given the relative size of the two economies, the income ains resulting from the agreement would likely be smaller for the United States than for Mexico. Comment on this position in view of what you have learned about the distribution of the benefits of trade in the Classical model.

Reference no: EM131917770

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