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- https://socialsci.libretexts.org/Under_Construction/Purgatory/Book%3A_Principles_of_Microeconomics_(Casolari)/12%3A_International_Trade/12.01%3A_Introduction_to_International_TradeCountries benefit when they specialize in producing goods for which they have a comparative advantage and engage in trade for other goods.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_-_Theory_Through_Applications/23%3A_Jobs_in_the_Macroeconomy/23.03%3A_Job_and_Worker_FlowsFigure \PageIndex1 shows the number of people between 16 and 64 years old in the United States in three different “states”—employment, unemployment, and out of the labor force—over the period 19...Figure \PageIndex1 shows the number of people between 16 and 64 years old in the United States in three different “states”—employment, unemployment, and out of the labor force—over the period 1996–2003.These data come from a study using a monthly survey conducted by the Bureau of Labor Statistics (BLS) called the Current Population Survey and were compiled by Stephen J.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/31%3A_International_Trade/31.1%3A_Introduction_to_International_TradeCountries benefit when they specialize in producing goods for which they have a comparative advantage and engage in trade for other goods.
- https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Macroeconomics_3e_(OpenStax)/20%3A_International_Trade/20.02%3A_Absolute_and_Comparative_AdvantageHere it chooses to produce/consume 60 barrels of oil, leaving 40 work hours that to allocate to produce 10 bushels of corn, using the data in Table 20.1. (b) If the United States produces only oil, it...Here it chooses to produce/consume 60 barrels of oil, leaving 40 work hours that to allocate to produce 10 bushels of corn, using the data in Table 20.1. (b) If the United States produces only oil, it can produce, at maximum, 50 barrels and zero corn (point A'), or at the other extreme, it can produce a maximum of 100 bushels of corn and no oil (point B').
- https://socialsci.libretexts.org/Bookshelves/Economics/International_Trade_-_Theory_and_Policy/02%3A_The_Ricardian_Theory_of_Comparative_Advantage/2.05%3A_Definitions-_Absolute_and_Comparative_AdvantageOpportunity cost is defined as the quantity of a good that must be given up in order to produce one unit of another good; in the model, it is defined as the ratio of unit labor requirements between th...Opportunity cost is defined as the quantity of a good that must be given up in order to produce one unit of another good; in the model, it is defined as the ratio of unit labor requirements between the first and the second good. The term used to describe the slope of the PPF when the quantity of tomatoes is plotted on the horizontal axis and the quantity of peaches is on the vertical axis.
- https://socialsci.libretexts.org/Courses/Riverside_City_College/Book%3A_Principles_of_Microeconomics_(A._Casolari)/12%3A_International_Trade/12.01%3A_Introduction_to_International_TradeCountries benefit when they specialize in producing goods for which they have a comparative advantage and engage in trade for other goods.
