15.1 - Gains from International Trade (1 of 2)

[Masteroftrancegirl]

Is it a 1:2 exchange rate because you took the average of each ratio (textiles and beef)? (1T+1T)/2 and (3B+1B)/2?

[kru1552]

sir you just saved me from failing my marco quiz on international trade. Thank you.

[madaza]

He just explained the 1:2, not made up. Good explanation, I was glad to see it to refresh my understanding of comparative advantage.

[citizencane1986]

What the fuck?

Where are yo ugetting 1:2 YOu just made that up?!?!?

THIs is bullshit

[DDiego725]

@citizencane1986 you dumbass, this is a given ratio in order you to understand the principle

[harpmaster480]

Thanks for explaining comp/abs advantage!  I love the you explain it in formula (1T=1B). Makes sense!!!!

[ampleoppourtunity]

Dad, thanks for uploading this video. Its a great lecture!

[cris750]

United States new industries will be about GREEN technologies integrated with a new space industry. New jobs will be created in the United States because of the introduction of new technologies. Then EXPORT these products. The old corporations will be curtailed by a new model I have calculated. The unemployed will fill the new industries.