I'm enamoured with Matt Ridley's exposition, but consider an alternative:
-- It takes Og 3 hours to catch a fish and would take 4 hours for him to gather some fruit,
-- While it only takes Iga 1 hour to catch a fish, and 2 hours to gather some fruit
Q1: Who has a comparative advantage in fish, who has a comparative advantage in fruit?
Q2: Are there any gains from trade?
Q3: Does this example disprove the Ricardian model?
It's so nice to have you do all of the research for us. It makes our decision making so much easier!! Thanks.
Posted by: MBT Shoes | July 14, 2011 at 11:04 AM
What a fun pattern! It’s great to hear from you and see what you’ve sent up to. All of the projects look great! You make it so simple to this. Thanks
Posted by: abercrombie france | November 23, 2011 at 04:57 PM