4.21.10 – Lecture Notes, Econ 201

4.21.10 – Lecture Notes, Econ 201 - -David

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4.21.10 – Lecture Notes, Econ 201 Review Session – Wed May 5 at 10 AM, here ABSOLUTE ADVANTAGE - Adam Smith – 1776 - Definition: Produce and export those goods in which you are absolutely more productive COMPARATIVE ADVANTAGE
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Unformatted text preview: -David Ricardo-Definition: Produce and export those goods in which you are relatively more productive TRADE AND ECONOMIC WELFARE-What happens with trade?-What are the welfare effects of trade? Notebook Notes...
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This note was uploaded on 10/13/2011 for the course EC 201 taught by Professor Haider during the Spring '10 term at Michigan State University.

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