Macroeconomics
Macroeconomics
13th Edition
ISBN: 9781337617390
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 21, Problem 3QP
To determine

The effects of desire for profit on comparative advantage.

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Think about your own interests, skills, and opportunities. In what areas do you potentially have a comparative  advantage over your peers or co-workers? Are there goods or services you could provide to others more efficiently? How could you maximize your advantages to achieve positive gains from trade in your daily exchanges and relationships?
In the past, comparative advantages have sometimes shifted from one nation to another. What factors do you think caused these shifts? Why? Was there anything a nation could have done to prevent an advantage from shifting to another nation?
Will a country import or export products for which it has a comparative advantage? Explain.
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