In a Five Country-Two Commodity Classical Model of Trade, Where

question 21

Essay

In a five country-two commodity Classical model of trade, where the autarky price ratios in all five countries are different, can you conclude a priori that all five countries will desire to trade? Why or why not? Between which of the five countries is trade certain? What will determine which of the remaining countries will trade?

---

Definitions:

Skeletal Remains

The framework of bones left after other parts of the body have decayed away, often used in the context of archaeology and forensics.

Anthropological Ethics

The principles and guidelines that govern the conduct of researchers in the field of anthropology, emphasizing respect, consent, and non-harm towards study participants.

Ethnographic

Pertaining to the systematic study and documentation of peoples and cultures with respect to their histories, behaviors, and the significant differences among them.

Paleoanthropological

Relating to the study of the origins and predecessors of the present human species, focusing on the fossil record and artifacts.