What Is an Assignment of Trade?
The theory of the distribution of trade benefits is a neoclassical claim that the terms of trade line is the key to distributing the benefits of international trade. The closer it is to the country's domestic exchange ratio, the less benefit that country receives through international trade; on the contrary, the farther it is from a certain country, The country's domestic exchange ratio, the more the country benefits from international trade.
Theory of trade benefit distribution
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- The theory of the distribution of trade benefits is a neoclassical claim that the terms of trade line is the key to distributing the benefits of international trade. The closer it is to the country's domestic exchange ratio, the less benefit that country receives through international trade; on the contrary, the farther it is from a certain country, The country's domestic exchange ratio, the more the country benefits from international trade.