Answer to Question #292803 in Economics for Hafsa

Question

To show how nations can share unequally in the benefits from trade:

(a) Sketch a figure showing the offer curve of a nation having a much greater curvature than the offer curve of its trade partner.

(b) Which nation gains more from trade, the nation with the greater offer curve or the one with the lesser curvature?

(c) Can you explain why?

Answer 1

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