Slide 1 Basics of Two-Country Trade: The Standard Trade Model Udayan Roy http://myweb.liu.edu/~uroy/eco41 September 2009 Slide 2 Trade Between Two Countries JapanEuropeWorldTrade…
1.99Application: International Trade 2. • What determines whether a country imports or exports a good? 3. • Who gains and who loses from free trade among countries? 4.…