Lesson summary: Comparative advantage and gains from trade
https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/scarcity-and-growth/a/lesson-summary-comparative-advantage-and-gains-from-trade
WEBThe terms of trade refer to the trading price agreed upon by two agents, which when beneficial, will allow both countries to enjoy gains from trade. Key terms. Key Graphical Models. PPCs can be used to determine opportunity costs, comparative advantage, and who should specialize in which good (as in Figure 1). B A Corn Cars 8 8 4 6.
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