| 单词 | community indifference curve |
| 释义 | community indifference curve A type of curve used in international trade theory, similar in shape to an individual's indifference curve, but purporting to describe the tastes of a country. The community indifference curve through any collection of goods shows the amounts of goods needed to bring every member of the community up to their utility level in the original situation. Unless the community consists of a number of individuals with similar tastes and equal incomes, use of such a curve is a logical fudge: any change in foreign trade is liable to produce changes in income distribution, which in the absence of compensation for the losers makes the use of community indifference curves illegitimate. However, the device is widely used by writers on international trade. |
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