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  • 20.3: What Happens When a Country Has an Absolute Advantage in All Goods
    https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Macroeconomics_3e_(OpenStax)/20%3A_International_Trade/20.03%3A_What_Happens_When_a_Country_Has_an_Absolute_Advantage_in_All_Goods
    The reduction of shoe production by 1,500 pairs in the United States is more than offset by the gain of 2,000 pairs of shoes in Mexico, while the reduction of 2,500 refrigerators in Mexico is more tha...The reduction of shoe production by 1,500 pairs in the United States is more than offset by the gain of 2,000 pairs of shoes in Mexico, while the reduction of 2,500 refrigerators in Mexico is more than offset by the additional 6,000 refrigerators produced in the United States.
  • 12.2: Gains from Trade
    https://socialsci.libretexts.org/Under_Construction/Purgatory/Book%3A_Principles_of_Microeconomics_(Casolari)/12%3A_International_Trade/12.02%3A_Gains_from_Trade
    Exporting is a form of international trade which allows for specialization, but can be difficult depending on the transaction.
  • 31.2: Gains from Trade
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/31%3A_International_Trade/31.2%3A_Gains_from_Trade
    Exporting is a form of international trade which allows for specialization, but can be difficult depending on the transaction.
  • 12.2: Gains from Trade
    https://socialsci.libretexts.org/Courses/Riverside_City_College/Book%3A_Principles_of_Microeconomics_(A._Casolari)/12%3A_International_Trade/12.02%3A_Gains_from_Trade
    Exporting is a form of international trade which allows for specialization, but can be difficult depending on the transaction.
  • 19.1: Measuring Output Using GDP
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/19%3A_Measuring_Output_and_Income/19.1%3A_Measuring_Output_Using_GDP
    Gross domestic product is the market value of all final goods and services produced within the national borders of a country for a given period of time.

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