Experiment and Trade

Experiment and Trade - Econ 221 Production and Exchange...

Info iconThis preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 221 Production and Exchange Experiment
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Sample problem: Guns and Butter Region W: 10 units of labor 1 Gun per unit of labor, 5 Butter per unit Region M: 10 units of labor 2 Guns per unit of labor, 2 Butter per unit
Background image of page 2
Sample Problem Steel Wheat Canada 2 per Labor 2 per Labor US 5 per Labor 3 per Labor
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Discussion Outsourcing? Schumer and Roberts “Exporting jobs is not free trade” Trade with poor nations?
Background image of page 4
Sample problem: Guns and Butter Region W: 10 units of labor 1 Gun per unit of labor, 5 Butter per unit Region M: 10 units of labor 2 Guns per unit of labor, 2 Butter per unit
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Analysis Draw the joint PPF Comp Adv? Absolute Adv?
Background image of page 6
Sample problem: Guns and Butter Region W: 10 units of labor 1 Gun per unit of labor, 5 Butter per unit Region M: 10 units of labor 2 Guns per unit of labor, 2 Butter per unit Region A: 10 units of labor 4 Guns per unit of labor, 3 Butter per unit
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Who has the comparative advantage in
Background image of page 8
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/06/2011 for the course ECON 221 taught by Professor Gordanier during the Spring '08 term at South Carolina.

Page1 / 27

Experiment and Trade - Econ 221 Production and Exchange...

This preview shows document pages 1 - 9. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online