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  • Some Problems in The Pure Theory of International Trade: Presented By: Adan Fatima

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    Aqsa Batool
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    World trade organization

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    4 views4 pages

    Some Problems in The Pure Theory of International Trade: Presented By: Adan Fatima

    Uploaded by

    Aqsa Batool

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    SOME PROBLEMS IN THE PURE

    THEORY OF INTERNATIONAL
    TRADE
    P R E S E N T E D B Y: A D A N FAT I M A
    AQSA
    K A N I Z B ATO O L
    LARAIB AFZAL
    SHAHEERA SAMEEN
    PURE THEORY OF INTERNATIONAL TRADE

    • Two countries trade

    • But only with each other

    •  money prices and costs will adjust passively to the real equilibrium 
    THEORY OF COMPARATIVE COST

    Production of goods where opportunity cost is lower

    Increase in economic welfare

    Two-country, two-commodity approach


    EXPLANATION WITH THE HELP OF GRAPH

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