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Results tagged with international-trade
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user 6782
International trade theory is a sub-field of economics which analyzes the patterns of international trade, its origins, and its welfare implications.
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Determining the Relative Price of Trade
I'm pretty sound with the concept behind comparative advantage, but still don't get how to calculate the exchange rate in terms of quantities of each products being exchanged, e.g. 1 apple for 2 cars …
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