Question: The classical model and Comparative Advantage. i. Define comparative advantage. ii. Draw a supply and demand graph for a good that a country exports. 1.

The classical model and Comparative Advantage. i. Define comparative advantage. ii. Draw a supply and demand graph for a good that a country exports. 1. Using the concepts of consumer surplus and producer surplus, identify the area representing the gains from trade relative to autarky. 2. Explain how this model illustrates the classical model source of gains from trade

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