Neoclassical Theories of International Trade: Fundamentals and Over 100 Study Questions With and Without Answers
The neoclassical theories of international trade include the Haberler’s theory of opportunity cost and the Mill-Marshall-Edgeworth’s theory of international demand and supply. Haberler (1990-1995) has rewritten Ricardo’s theory of comparative advantage by using the concept of opportunity cost and the production possibilities curve...
Modern Theories of International Trade: Fundamentals and Over 100 Study Questions With and Without Answers
According to the neoclassical theories of international trade, the basis of international trade is the difference in comparative costs of two commodities between two countries. These theories do not determine the reason for the difference in comparative costs (or relative commodity prices) and comparative advantage between two countries...
Classical Theories of International Trade: Fundamentals and Over 100 Study Questions With and Without Answers
Theories of international trade seek to answer these three fundamental questions: (1) what determines the pattern or direction or structure of international trade? In other words, which commodities are exported and, which imported by each trading country? (2) What are the terms of trade? In other words, at what prices are exported and imported commodities exchanged in global markets...
Transcending Obamacare: A Patient-Centered Plan for Near-Universal Coverage and Permanent Fiscal Solvency (2nd Edition)
In this landmark publication, Avik Roy, one of the nation's leading authorities on health reform, details a way to rise above the partisan rancor about Obamacare by embracing the goals of both the left and the right. The left wants to ensure that every American has health insurance, while the right wants to reduce government intrusion in Americans' personal health decisions, and to solve America's health care-driven fiscal crisis...