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Textbook Notes for Fajgelbaum

UCLAECON 121FajgelbaumSpring

ECON 121 Chapter Notes - Chapter 4: Opportunity Cost, National Technical Research Organisation, Factor Endowment

OC4386233 Page
6 Jun 2016
8
**note that textbook notes are limited to what is necessary for this specific class** This model assumes that trade occurs because countries have diffe
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UCLAECON 121FajgelbaumSpring

ECON 121 Chapter Notes - Chapter 1: National Technical Research Organisation, Newsprint, Capital Good

OC4386232 Page
3 Jun 2016
14
In 2012, china was the world"s largest exporter of goods (passed germany as the top exporter in. In 2012, china sold about trillion in goods to other
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UCLAECON 121FajgelbaumSpring

ECON 121 Chapter Notes - Chapter 3: Diminishing Returns, Final Good, Autarky

OC4386234 Page
6 Jun 2016
8
**note that textbook notes are limited to what is necessary for this specific class** In most cases, opening a country up to trade generates winners an
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UCLAECON 121FajgelbaumSpring

ECON 121 Chapter 2: Feenstra Chapter 2 Notes

OC4386234 Page
3 Jun 2016
13
Trade is beneficial even if one country has an absolute advantage in both things because it is about comparative advantage. We are talking about techno
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