Comparative Advantage

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Comparative advantage is one of the deepest and most profound ideas in economics. Should Martha Stewart iron her own shirts? No! We explain why and the implications

Comparative advantage is one of the deepest and most profound ideas in economics. Should Martha Stewart iron her own shirts? No! We explain why and the implications for trade across countries. If you have covered this material before, consider it optional. This video will be useful for any student in a principles of economics class.

 

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