[Ricardian Model of International Trade and Comparative Advantage]

Is it true that there is a country that is more superior than other when it comes to trade? or is it true that a poor country does not have any production advantage?

David Ricardo discovered a simple model of international trade. The model has it in order to balance one country’s production possibility frontier with the world’s trade line. Hence, the country is better off with trade. But is it always practical? Read this new released TeorIE find out!

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