What is comparative advantage? How does it relate to U.S. trade policy?
What will be an ideal response?
Answers should describe comparative advantage as a liberal economic policy in which each nation produces what it is best at producing in order to let the market decide on price and supply. Answers should identify comparative advantage as an early influence on U.S. trade policy—the United States hoped to create a global division of labor in which specialization would occur.
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The peak of Texas oil production
a. came just at the end of World War I. b. came in the decade of the 1950s. c. came in the decade of the 1970s. d. came just at the turn of the twenty-first century. e. will come around 2025.
A ____ is a civil wrong or injury resulting from a breach of a legal duty that exists by reason of society's expectations about appropriate behavior
a. felony b. misdemeanor c. white-collar crime d. tort e. civil rights violation