Suppose Country A can produce 200 toys or 400 pineapples per day

Question
6. Suppose Country A can produce 200 toys or 400 pineapples per day, while Country B can produce 300 toys or 900 pineapples per day. Where do the comparative advantatges lie? Should trade take place?

8. Discuss this statement: “Free traders win the economic arguments, but protectionists (those who favor tariffs) often win the elections.”

9. Do you believe that American consumers should boycott goods made by exploited workers in Less Developed Countries? Explain why this might or might not workace?

Originally posted 2017-01-16 06:14:36. Republished by Blog Post Promoter