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Unformatted text preview: -on choosing childrens traits o choice of sex would cause eventual instability in the division of sexes o choice of size would cause everyone to want larger than average children, this would cause average to move up though. Optimal size for adults is actually probably smaller, would consume less and save money Gluts problem too much stuff produced, not enough demand because rich people run out of demand C+S=C+I Ricardo said there could never be gluts problem for the whole economy because scarcity would always exist David Ricardo-Absolute advantage doesnt matter, Comparative advantage does: trade with others, even if you can do both tasks better o A country will export that in which it has abundance, and import those things which are relatively scarce...
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- Spring '09