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EC1002 Chapter 1 Lesson 2 - Specialization & Trade + Special Cases [Full Version]
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Welcome to the Real Quickienomics. You are watching the full version of EC1002 Chapter 1 Lesson 2 - Specialization & Trade + Special Cases.
Key Topics:
- Determine whether 2 economies should specialize and trade
- Determine the international price or terms of trade
- Graphically illustrate the new consumption possibility frontier and the gain from trading
- Allocative Efficiency
Key Topics:
- Determine whether 2 economies should specialize and trade
- Determine the international price or terms of trade
- Graphically illustrate the new consumption possibility frontier and the gain from trading
- Allocative Efficiency
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