Suppose there are two countries in the world, and one is better than the other at producing

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Suppose there are two countries in the world, and one is better than the other at producing every good. Will the countries trade? Why or why not?

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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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Question Posted: Feb 25, 2016 06:38 AM

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Suppose there are two countries in the world, and one is better than the other at producing

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Yes unless they have exactly identical slopes to their production functions very unlikely Th...View the full answer

Macroeconomics

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