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- Offer_curve abstract "In economics and particularly in international trade, an offer curve shows the quantity of one type of product that an agent will export ("offer") for each quantity of another type of product that it imports. The offer curve was first derived by English economists Edgeworth and Marshall to help explain international trade. The offer curve is derived from the country's PPF. We describe a Country named K which enjoys both goods Y and X. It is slightly better at producing good X, but wants to consume both goods. It wants to consume at point C or higher (above the PPF). Country K starts in Autarky at point C. At point C, country K can produce (and consume) 3 Y for 5 X. As trade begins with another country, and country K begins to specialize in producing good X. When it produces at point B, it can trade with the other country and consume at point S. We now look at our Offer curve and draw a ray at the level 5 Y for 7 X. When full specialization occurs, K then produces at point A, trades and then consumes at point T. The price has reduced to 1 Y for 1 X, and the economy is now at equilibrium".
- Offer_curve thumbnail PPF_IC.PNG?width=300.
- Offer_curve wikiPageExternalLink Books?action=index&bcsId=1505&itemId=0471230707.
- Offer_curve wikiPageID "1490201".
- Offer_curve wikiPageLength "1764".
- Offer_curve wikiPageOutDegree "12".
- Offer_curve wikiPageRevisionID "664099149".
- Offer_curve wikiPageWikiLink Alfred_Marshall.
- Offer_curve wikiPageWikiLink Autarky.
- Offer_curve wikiPageWikiLink Category:International_economics.
- Offer_curve wikiPageWikiLink Category:Microeconomics.
- Offer_curve wikiPageWikiLink Economics.
- Offer_curve wikiPageWikiLink English_people.
- Offer_curve wikiPageWikiLink File:Offer_Curve.PNG.
- Offer_curve wikiPageWikiLink File:PPF_IC.PNG.
- Offer_curve wikiPageWikiLink Francis_Ysidro_Edgeworth.
- Offer_curve wikiPageWikiLink Heckscher-Ohlin_model.
- Offer_curve wikiPageWikiLink Heckscher–Ohlin_model.
- Offer_curve wikiPageWikiLink Line_(geometry).
- Offer_curve wikiPageWikiLink Line_(mathematics).
- Offer_curve wikiPageWikiLink Production_possibilities_frontier.
- Offer_curve wikiPageWikiLink Production–possibility_frontier.
- Offer_curve wikiPageWikiLinkText "offer curve".
- Offer_curve hasPhotoCollection Offer_curve.
- Offer_curve wikiPageUsesTemplate Template:Economics-stub.
- Offer_curve subject Category:International_economics.
- Offer_curve subject Category:Microeconomics.
- Offer_curve type Microeconomic.
- Offer_curve type Relation.
- Offer_curve comment "In economics and particularly in international trade, an offer curve shows the quantity of one type of product that an agent will export ("offer") for each quantity of another type of product that it imports. The offer curve was first derived by English economists Edgeworth and Marshall to help explain international trade. The offer curve is derived from the country's PPF. We describe a Country named K which enjoys both goods Y and X.".
- Offer_curve label "Offer curve".
- Offer_curve sameAs m.055fy9.
- Offer_curve sameAs Q7079075.
- Offer_curve sameAs Q7079075.
- Offer_curve wasDerivedFrom Offer_curve?oldid=664099149.
- Offer_curve depiction PPF_IC.PNG.
- Offer_curve isPrimaryTopicOf Offer_curve.