1 THE STUDY OF INTERNATIONAL COMMERCIAL LAW

www.law.ufl.edu

better than in the pre-trade world). Country B would have 20 shirts and 60 pairs of shoes (also much better off than in the pre-trade world). b. Comparative Advantage David Ricardo expanded on the concept of absolute advantage by imagining a world with two countries that produce two goods where one of the countries was

  International, Study, World, Commercial, Comparative, The study of international commercial law