Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 33, Problem 25CTQ

Why might intra-industry trade seem surprising from the point of view of comparative advantage?

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Assume that you were a small country, what would you rather have a comparative or absolute advantage with trading? Explain your reasoning.
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Use comparative advantage, two countries and two goods, to explain why every country can be better off from international trade.

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Principles of Economics 2e

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