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Figure 2.2 illustrates trade data for Canada.The figure assumes that Canada attains international trade equilibrium at point C.
Figure 2.2.Canadian Trade Possibilities
-Concerning possible determinants of international trade,which are sources of comparative advantage? Differences in:
Function
A relationship or expression involving one or more variables.
Logarithm
A mathematical operation that determines the power to which a base must be raised to produce a given number.
Graph
A diagram showing the relation between variable quantities, typically of two variables, each measured along one of a pair of axes at right angles.
Logarithm
The exponent or power to which a base, typically 10 or e, must be raised to produce a given number; it is the inverse operation of exponentiation.
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