15.1 - Gains from International Trade (1 of 2)
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5:49
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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?
Masteroftrancegirl 10 months ago
sir you just saved me from failing my marco quiz on international trade. Thank you.
kru1552 10 months ago
He just explained the 1:2, not made up. Good explanation, I was glad to see it to refresh my understanding of comparative advantage.
madaza 1 year ago
@citizencane1986 you dumbass, this is a given ratio in order you to understand the principle
DDiego725 1 year ago
What the fuck?
Where are yo ugetting 1:2 YOu just made that up?!?!?
THIs is bullshit
citizencane1986 1 year ago
Thanks for explaining comp/abs advantage! I love the you explain it in formula (1T=1B). Makes sense!!!!
harpmaster480 1 year ago
Dad, thanks for uploading this video. Its a great lecture!
ampleoppourtunity 2 years ago
This comment has received too many negative votes show
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.
cris750 3 years ago