Is there not a time and place for everthing
2007-08-02 12:57:20 · 5 answers · asked by Anonymous in Social Science ➔ Economics
The law of comparative advantage.
2007-08-03 06:45:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Even in a system where one participant has an absolute advantage ( Partner A's unit of output per unit of input is greater than Partner B's ) for every widget produced, there is still an advantage for Partner A to trade.
See the sources.
2007-08-10 01:20:50 · answer #2 · answered by ny_to_kc 2 · 0⤊ 0⤋
I would assume what you're trying to say is, "what, if there is any need that we have, do we as Americans trade for with any foreign countries at this time"?
If that is correct, then I would say "cash".
2007-08-03 09:16:52 · answer #3 · answered by Lawrence E 4 · 0⤊ 0⤋
Trade without my country would make you worse off.The whole system works on cash,line of credit for cash and generating the flow and movement of cash.Without this formula our systems would collapse.Gotta stir the pot.
2007-08-07 19:30:26 · answer #4 · answered by spooky 2 · 0⤊ 0⤋
Comparative advantage.
2007-08-09 22:54:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋