Chapter 3: Interdependence and the Gains from Trade Theory
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Sketch the Table for Opportunity Costs
Table for Opportunity Costs | ||
Good 1 | Good 2 | |
Organization 1 | ||
Organization 2 |
3
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Sketch the Table for Goods
Table for Goods | ||
Good 1 | Good 2 | |
Organization 1 | ||
Organization 2 | ||
4
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Sketch the Table for Gains of Trade Summary
Gains from Trade Summary | ||||
Organization 1 | Organization 2 | |||
Good 1 | Good 2 | Good 1 | Good 2 | |
Without Trade | ||||
Production | — | — | — | — |
With Trade | ||||
Production | — | — | — | — |
Trade | — | — | — | — |
Consumption | — | — | — | — |
Gains | ||||
⬆ Consumption | — | — | — | — |