Tag Archives | The Trade Indifference Curve

In this article we will discuss about the assumptions and properties of the trade indifference curve. The device of trade indifference curve was originally forged by the writers like Leontief and Lerner. It was finally perfected by J.E. Meade in 1952 in his work, A Geometry of International Trade. This device shows, given a particular level of income, what terms [...]