NEED THIS ASAP. trade and the principle of comparative advantage.

timer Asked: Dec 13th, 2018

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This article illustrates the political economy of international trade and the concept of comparative advantage. Explain Who are the "Winners" and "Losers" and why as described in this article, and the effect of "arbitrary government intervention" that circumvents the workings of free trade initiated by Senator Trent Lott as described in the article? Use the economic concept of comparative advantage in your explanation. (10 points).

As a side note - why do a number of popular Maryland Restaurants advertise they only serve Maryland Crabmeat in their crab cakes???????

Check out the web site for the McConnell et al - Microeconomics 20th edition at and access the Origin of the Idea link to Ricardo's concept of comparative advantage to further your understanding of comparative advantage.

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