Related articles:
Trade
Economics
Absolute advantage
David Ricardo
Heckscher-Ohlin model
Paul Samuelson
Corn Laws
Key terms:
trade
tonne
food
clothes
produce
production
countries
capital
economics
comparative advantage
goods
southland
northland
factor
why
labor
price
ricardo
benefit
opportunity cost
portugal
economies
specialize
exchange
wine
resources
principles
activities
lawyer
suppose
relative
one tonne of food
absolute advantage
two countries
international trade
one tonne of clothes
factors of production
full employment
consume
reasoning
perfect
each country
labour
free trade
immobility
two goods
tonnes of food
abundance
between the two
output
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