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Direct linkWeber, Christian E. – Journal of Economic Education, 2007
The author proposes an alternative to the traditional definition of the gains from international trade and, hence, an alternative defense of free trade. Rather than showing that free trade allows a country to consume more of all final goods, the author's approach shows that free trade allows a country to consume the same basket of final goods that…
Descriptors: Economics Education, International Trade, Living Standards, Natural Resources
