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David Ricardo - Coggle Diagram
David Ricardo
Portugal
Wine
sweater
3 units
Cheaper
advantage in wine
1 unit
alone
30 wine bottles
8 sweaters
54 units
team work
50 wine bottles
50 units
20 bottles
30 wine bottles
20 sweaters
80 units
surplus of 26
England
wine
sweater
cheaper
1.5 units
4 units
comptetitve advantage
alone
10 wine bottles
30 sweaters
85 units
team work
45 swaters
67.5
20 sweaters
25 sweaters
20 wine bottles
117.5 units
32.5 units surplus
Costs of trades
Externalities
Pollution
Trade