Globalization

Globalization and international trade allows the United States to focus on the things we do well and create profits.

It would cost too much money and our economy would shrink!!!

Comparative advantage refers to the ability of a country, individual, or entity to produce a good or service at a lower opportunity cost than another country, individual, or entity.

Comparative Advantage

Absolute advantage refers to the ability of a country, individual, or entity to produce a good or service more efficiently than another country, individual, or entity.

Absolute
Advantage

Is when you buy more than you sell

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Trade Deficit