alt Hacker NewsComparative advantage falls flat on its face in the circumstances being described, though. It’s based on an assumption of opportunity cost that no longer holds true.
Comparative advantage falls flat on its face in the circumstances being described, though. It’s based on an assumption of opportunity cost that no longer holds true.
the principle of comparative advantage does not ever fall flat on it's face. An entire country can be worse at manufacturing/growing everything compared to the US, but they can still manufacture and grow things, and engage in trade.
an individual can be inferior to other individuals at every single job skill, but can still get a job and live a full life with family.
you don't know what you are talking about, at all.