Alfonzo aus New York | Geschrieben am: Thu Aug 6 11:10:58 2020 Some First Class stamps buy arcoxia canada The main thing I take from this is that the authors don’t seem to understand what comparative advantage is. (Hint: It’s NOT the same thing as competitive advantage.) Comparative advantage refers to the ability to produce at lower opportunity cost. There are two ways to have a comparative advantage- be good at producing something or be bad at producing other things. The Korean comparative advantage that the authors refer to is likely a little from column A and a little from column B. The authors also seem to be using “economy” and “producers” interchangeably, as in “And Econ 101 never explains how foreign mercantilist practices, like those China is embracing, can hurt the U.S. economy.” In reality, the economy consists of both producers and consumers, and consumers benefit from the cheap stuff generated as a result of these policies. (Believe me, there are plenty of reasons to be wary of China, but “they’re sending us cheap junk” is not at the top of that list.) I’m not even sure what to make of the last paragraph except to point out that the gains from trade don’t really rely on WHY a particular nation has a cost advantage. |
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Lionel aus New York | Geschrieben am: Thu Aug 6 11:10:44 2020 I'm retired virility ex in canada Despite the Muslim Brotherhood’s call for peaceful protests, the military-backed authorities accuse it of breaking laws and endangering public safety. Egypt’s interim prime minister says the protesters have been inciting violence, using weapons, blocking roads and detaining people. |