International Trade
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In the video, as part of your required reading for this unit, absolute and comparative advantage are defined and explained with the use of examples. One source of comparative advantage is a pure technological difference between countries. What do you see as other differences that might drive comparative advantage? Reflect on concrete examples from countries that you might be familiar with, and indicate them along with your response.
Your journal entry must be at least 275 words. No references or citations are necessary. Use the YouTube link to complete the journal.
YouTube Link:
Pajholden. (2008). Absolute and comparative advantage [YouTube video]. Retrieved from
https://www.youtube.com/watch?v=Pd_qs8ueIWw
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