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Demand and International Equilibrium
Appendix Many CommodiTies and Many CounTries
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absolute slope analysis assume assumption autarkic budget line capital capital-labor ratio chap commodity-price ratio comparative advantage consume consumption-possibilities frontier contract curve customs union demand for imports determined distortion domestic price ratio economy elasticity equation equilibrium point expansion path exports factor endowments factor intensities factor-intensity reversals factor-price equalization factor-price ratio w/r factors of production free-trade offer curve given growth Heckscher-Ohlin theorem imported commodity income increase industry International Economics international equilibrium international price ratio International Trade intersect isoquant labor and land labor-land ratio Leontief paradox marginal rate necessarily opportunity cost optimal optimum output possibilities frontier pretrade price ratio production functions quadrant rate of substitution rate of transformation region returns to scale shifts social indifference curve social indifference map social welfare subsidy tangent tariff technical progress terms of trade terms-of-trade line Theory of International tion trade indifference curve trade tax utility frontier vector volume of trade