What is total world production pre-specialisation? (pre-trade) What is total world output post specialization? (once trade is
Fantastic news! We've Found the answer you've been seeking!
Question:
What is total world output post specialization? (once trade is allowed)
How did you work it out?Labor force in each country = 100
Country | Product X | Product Y |
A | 2 | 4 |
B | 3 | 6 |
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date: