Range for mutually beneficial trade
Comparative advantage and opportunity costs determine the terms of trade for exchange under which mutually beneficial trade can occur. In order for Mutually Beneficial Trade with Comparative Advantage in this example, it is possible to identify the range of possible trades that would benefit each country. 25 Jun 2014 Note that various versions of this sheet are given to students and they are then asked to conduct mutually beneficial trades. 1) (do by yourself)