PS 7- Comparative Advantage

PS 7- Comparative Advantage - • Absolute gain—the size...

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November 18, 2009 Comparative Advantage: National specialization (or international division of labor) Efficiency gains by producing a good or service at a lower marginal cost and opportunity cost than another country
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Unformatted text preview: • Absolute gain—the size of the pie grows Problems: • Not willing to do comparative advantage if it takes away from military resources (Realist) national security • Labor/people...
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This note was uploaded on 09/06/2011 for the course POL SCI 7 taught by Professor Reyes during the Spring '11 term at UCSB.

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