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The Trade Theory

The Trade Theory . International Economics. International Trade International Finance. International Trade. A definition: A study of trade (of goods and services) between nations and its economic implications Why nations trade: gains from trade The Trade theory

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16.2 The Economic Basis for Trade

16.2 The Economic Basis for Trade. Why do nations trade? The distribution of resources is uneven. Efficient production requires different technologies or resource combinations. Products are differentiated as to quality and other non-price attributes. The Economic Basis for Trade.

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The Trade Theory

16.2 The Economic Basis for Trade