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Chapter 2: Gains from Trade

Chapter 2: Gains from Trade. Keith Head Sauder School of Business. Objectives of this chapter. Illustrate the gains from trade based on exploiting comparative advantage Show how productivity, wages, competitive advantage, and exchange rates relate to each other.

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Colonial Trades

Colonial Trades. Introduction. In colonial times there were no factories and everything had to be hand made. Each community was made up of several skilled artisans. When each colonial town had such a diverse amount of craft people skilled in one particular craft the town would grow. .

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964 views • 14 slides

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Chapter 2: Gains from Trade

Colonial Trades