Comparative Advantage in International Trade
Read the articles:
1) The Boomerang effect.
http://www.economist.com/node/21552898
2) Comparative Advantage and American Jobs.
http://online.wsj.com/article/SB10001424052748703555804576102500952966450.html
In your initial response to the topic you have to answer all questions:
1) Does the protection of one domestic industry harm another? Please explain.
2) Why does comparative advantage matter more than absolute advantage for trade? Please explain.
- Reflection –include a paragraph in the initial response in their own words reflecting on specifically what they learned from the assignment and how they think they could apply what they learned in the beauty salon work place.