How Long to Read Free Trade and Absolute and Comparative Advantage

How Long Does it Take to Read Free Trade and Absolute and Comparative Advantage?

It takes the average reader 1 hour and 58 minutes to read Free Trade and Absolute and Comparative Advantage by Reinhard Schumacher

Assuming a reading speed of 250 words per minute. Learn more

Description

This thesis deals with two theories of international trade: the theory of comparative advantage, which is connected to the name David Ricardo and is dominating current trade theory, and Adam Smith’s theory of absolute advantage. Both theories are compared and their assumptions are scrutinised. The former theory is rejected on theoretical and empirical grounds in favour of the latter. On the basis of the theory of absolute advantage, developments of free international trade are examined, whereby the focus is on trade between industrial and underdeveloped countries. The main conclusions are that trade patterns are determined by absolute production cost advantages and that the gap between developed and poor countries is not reduced but rather increased by free trade.

How long is Free Trade and Absolute and Comparative Advantage?

Free Trade and Absolute and Comparative Advantage by Reinhard Schumacher is 116 pages long, and a total of 29,696 words.

This makes it 39% the length of the average book. It also has 36% more words than the average book.

How Long Does it Take to Read Free Trade and Absolute and Comparative Advantage Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 42 minutes to read Free Trade and Absolute and Comparative Advantage aloud.

What Reading Level is Free Trade and Absolute and Comparative Advantage?

Free Trade and Absolute and Comparative Advantage is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Free Trade and Absolute and Comparative Advantage?

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