题目内容
Modern trade theory recognizes that the pattern of world trade is governed by both demand conditions and supply conditions.
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A nation achieves autarky equilibrium at the point where its community indiffernce curve is tangent to its production possibilities schedule.
In autarky equilibrium, a nation realizes the lowest possible level of satisfaction given the constraint of its production possibilities schedule.
A nation benefits from international trade if it can achieve a higher indifference curve than it can in autarky.
A nation realizes maximun gains from trade at the point where the international terms-of-trade line is tangent to its community indifference curve.
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