Comparative Advantage and Trade - Macro Topic 1.3 (Micro Topic 1.4)

Описание к видео Comparative Advantage and Trade - Macro Topic 1.3 (Micro Topic 1.4)

This topic is somehow ridiculously simple and ridiculously complex. The simple part is understanding that trade is mutually beneficial. The complex part is calculating per unit opportunity cost and determining how individuals, business, or countries should specialize trade. Make sure to practice, practice, practice.

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