4.1 Reasons for Trade

Differences in factor endowments NONE YET
Variety and quality of goods NONE YET
Gains from specialization http://opengecko.com/economics/reasons-for-trade/ – Milton Friedman’s Pencil
Political NONE YET
Absolute and comparative advantage (numerical and diagrammatic representations) Higher level extension topic http://opengecko.com/ib-economics/economics-game-ricardo-coconuts-and-a-desert-island/

http://opengecko.com/economics/understanding-comparative-advantage/

http://opengecko.com/economics/reasons-for-trade/ (see last two links)
Comparative Advantage and opportunity cost Higher level extension topic http://opengecko.com/economics/reasons-for-trade/

http://opengecko.com/economics/understanding-comparative-advantage/
Limitations of the theory of comparative advantage Higher level extension topic NONE YET
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