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How do you calculate maximum gains from trade?

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How do you calculate maximum gains from trade?
Answered Same Day Dec 25, 2021

Solution

David answered on Dec 25 2021
109 Votes
MEASUREMENT OF GAINS FROM INTERNATIONAL TRADE- THE MODERN
APPROACH
The maximum gains from trade can be calculated using the modern theory of international
trade. Modern Theory divides the gains from trade into gains from production and gains from
consumption. The theory states that the...
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