Q#1 If Nation 1 and Nation 2 have same factor endowments and they use the same technology in the production of goods X and Y, Even then can have beneficial trade if the tastes in both nations are different.

Q#1 If Nation 1 and Nation 2 have same factor endowments and they use the same technology in the production of goods X and Y, Even then can have beneficial trade if the tastes in both nations are different.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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