Question: 1.Explain, using the Ricardian Model, why we would expect to see overall gains from trade? 2.Discuss some of the common misconceptions about the concept of

1.Explain, using the Ricardian Model, why we would expect to see overall gains from trade?

2.Discuss some of the common misconceptions about the concept of comparative advantage.

3.Explain, using the Specific Factors Model, why we would expect to see winners and losers from trade in the short-run?

use own words

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