Given what economists have to say about comparative advantage, would such a campaign be good or bad?

Econ homwork

Module 2: Critical Thinking

 

Option #2

Find one or more articles about a good/service the United States exports and a good/service the United States imports. In a well-written paper, explain the following:

  • Discuss what this suggests about the United States’ absolute and comparative advantage when it comes to this good/service.
  • Using the concepts of supply and demand, discuss what effect a “Buy American” campaign might have in the market for the imported good.
  • Given what economists have to say about comparative advantage, would such a campaign be good or bad?

Adhere to the following standards:

Each paper should include an introduction, a body with at least two fully developed paragraphs, and a conclusion.

Answer

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