{"id":879,"date":"2011-11-03T01:48:54","date_gmt":"2011-11-03T07:48:54","guid":{"rendered":"http:\/\/opengecko.com\/economics\/ib-economics\/4-international-economics\/4-1-reasons-for-trade\/"},"modified":"2011-11-03T01:48:54","modified_gmt":"2011-11-03T07:48:54","slug":"4-1-reasons-for-trade","status":"publish","type":"page","link":"https:\/\/opengecko.com\/geckoview\/economics\/ib-economics\/4-international-economics\/4-1-reasons-for-trade\/","title":{"rendered":"4.1 Reasons for Trade"},"content":{"rendered":"<table border=\"0\" cellspacing=\"0\" cellpadding=\"2\" width=\"632\">\n<tbody>\n<tr>\n<td valign=\"top\" width=\"315\">Differences in factor endowments<\/td>\n<td valign=\"top\" width=\"315\">NONE YET<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"315\">Variety and quality of goods<\/td>\n<td valign=\"top\" width=\"315\">NONE YET<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"315\">Gains from specialization<\/td>\n<td valign=\"top\" width=\"315\"><a href=\"http:\/\/opengecko.com\/economics\/reasons-for-trade\/\">http:\/\/opengecko.com\/economics\/reasons-for-trade\/<\/a> \u2013 Milton Friedman\u2019s Pencil<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"315\">Political<\/td>\n<td valign=\"top\" width=\"315\">NONE YET<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"2\" width=\"630\">\n<tbody>\n<tr>\n<td valign=\"top\" width=\"315\"><font style=\"background-color: #cccccc\">Absolute and comparative advantage (numerical and diagrammatic representations) <strong>Higher level extension topic<\/strong><\/font><\/td>\n<td valign=\"top\" width=\"315\"><a href=\"http:\/\/opengecko.com\/ib-economics\/economics-game-ricardo-coconuts-and-a-desert-island\/\">http:\/\/opengecko.com\/ib-economics\/economics-game-ricardo-coconuts-and-a-desert-island\/<\/a>          <\/p>\n<p><a href=\"http:\/\/opengecko.com\/economics\/understanding-comparative-advantage\/\">http:\/\/opengecko.com\/economics\/understanding-comparative-advantage\/<\/a>          <br \/><a href=\"http:\/\/opengecko.com\/economics\/reasons-for-trade\/\">           <br \/>http:\/\/opengecko.com\/economics\/reasons-for-trade\/<\/a> (see last two links)<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"315\"><font style=\"background-color: #cccccc\">Comparative Advantage and opportunity cost <strong>Higher level extension topic<\/strong><\/font><\/td>\n<td valign=\"top\" width=\"315\"><a href=\"http:\/\/opengecko.com\/economics\/reasons-for-trade\/\">http:\/\/opengecko.com\/economics\/reasons-for-trade\/<\/a>          <\/p>\n<p><a href=\"http:\/\/opengecko.com\/economics\/understanding-comparative-advantage\/\">http:\/\/opengecko.com\/economics\/understanding-comparative-advantage\/<\/a><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"315\"><font style=\"background-color: #cccccc\">Limitations of the theory of comparative advantage <strong>Higher level extension topic<\/strong><\/font><\/td>\n<td valign=\"top\" width=\"315\">NONE YET<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Differences in factor endowments NONE YET Variety and quality of goods NONE YET Gains from specialization http:\/\/opengecko.com\/economics\/reasons-for-trade\/ \u2013 Milton Friedman\u2019s 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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":854,"menu_order":1,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"tags":[],"class_list":["post-879","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages\/879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=879"}],"version-history":[{"count":0,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages\/879\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages\/854"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=879"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}