标准贸易模型
A Standard Model of a Trading EconomyDetermining Relative Prices(相对价格的确定) 相对价格的确定)Suppose that the world economy consists of two countries:Home (which exports cloth)Its terms of trade are measured by PC/PF Its quantities of cloth and food produced are QC and QF
Foreign (which exports food)Its terms of trade are measured by PF/PC Its quantities of cloth and food produced are Q*C and Q*F