Economics is Fun, Part 13: International Trade (https://www.youtube.com/watch?v=MvvFwqeLCoE)
Now with these things in mind – and having read and studied Chapters 33 and 34 of our text – Please choose ONE of the following. Your response should be 600 words long in the body of your paper (not including your header and resources).
1) Compare and contrast Absolute and Comparative Advantage – and discuss how each relates to gains from trade.
2) Explain how trade barriers save jobs in protected industries, but only by costing jobs in other industries.
3) What might account for the dramatic increase in international trade over the past 50 years?
Sample Solution
