Re:Ricardo's Difficult Idea by Paul Krugman (1996)
by ajuc on Wednesday April 27, 2016 @05:21AM
(#11578863)
Ad 4 - country can simply compare the prices of goods they export. If you export iron for 10 times the price of grain, and other country does so for 8 times the grain price - you have comparative advantage in grain and the other country - in iron.
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