Question of the Week #2 The trite saying “put your money where your mouth is” suggests a nearly trivial implication to the most simple of markets. Given that the individual “you” refers to is a participant of a two man economy (with two goods that can possibly be produced), one person should at least specialize in what is desired by the individual. Whether this is the same person as the subject of the aforementioned saying merely depends on who has the comparative advantage in producing the good desired by the subject. In the end, the goal is to produce something for trade, something that the subject will put his or her money for
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This note was uploaded on 05/10/2008 for the course ECON 1110 taught by Professor Wissink during the Spring '06 term at Cornell.